Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 91

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 91
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— $3 $— Loans, net of unearned income (residential)10 — — — — — — — — 10 — Derivative instruments (a)Interest rate(4)— 7 (d)5 — — — (4)(e)— 4 — Credit— — (6)— — — — —   —   (6)— Other (b)— — — — — — 1 — — 1 — Dollars in millionsBeginning of Period BalanceGains (Losses) Included in Other Comprehensive IncomeGains (Losses) Included in EarningsPurchasesSalesSettlementsTransfers OtherTransfers into Level 3Transfers out of Level 3End of Period BalanceUnrealized Gains (Losses) Included in EarningsThree months ended March 31, 2024Other investmentsEquity investmentsDirect$2 $— $— (c)$— $— $— $— $— $— $2 $— Loans, net of unearned income (residential)9 — — — — — — — — 9 — Derivative instruments (a)Interest rate(2)— (4)(c)1 — — — 2 (e) 3 (e) — — Other (b)2 — — — — — (1)— — 1 — (a)Amounts represent Level 3 derivative assets less Level 3 derivative liabilities.(b)Amounts represent Level 3 interest rate lock commitments.(c)Realized and unrealized gains and losses on principal investments are reported in “other income” on the income statement. (d)Realized and unrealized gains and losses on derivative instruments are reported in “corporate services income” and “other income” on the income statement.(e)Certain derivatives previously classified as Level 2 were transferred to Level 3 and vice versa based upon changes in the significance of unobservable inputs. Assets and Liabilities Measured at Fair Value on a Nonrecurring BasisCertain assets and liabilities are measured at fair value on a nonrecurring basis in accordance with GAAP. The adjustments to fair value generally result from the application of