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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Loans $ 888 $ 980 $ 1,777 $ 2,006
Loans held for sale 11 21 22 40
Securities available for sale 133 121 263 250
Held-to-maturity securities 45 56 90 118
Trading account assets 5 5 10 13
Short-term investments 6 7 11 13
Other investments 2 0 4 1
Total interest income 1,090 1,190 2,177 2,441
INTEREST EXPENSE        
Deposits 16 96 37 265
Federal funds purchased and securities sold under repurchase agreements 0 0 0 6
Bank notes and other short-term borrowings 3 5 4 10
Long-term debt 54 71 114 161
Total interest expense 73 172 155 442
NET INTEREST INCOME 1,017 1,018 2,022 1,999
Provision for credit losses (222) 482 (315) 841
Net interest income after provision for credit losses 1,239 536 2,337 1,158
NONINTEREST INCOME        
Trust and investment services income 133 123 266 256
Investment banking and debt placement fees 217 156 379 272
Service charges on deposit accounts 83 68 156 152
Operating lease income and other leasing gains 36 60 74 90
Corporate services income 55 52 119 114
Cards and payments income 113 91 218 157
Corporate-owned life insurance income 30 35 61 71
Consumer mortgage income 26 62 73 82
Commercial mortgage servicing fees 44 12 78 30
Other income [1] 13 33 64 (55)
Total noninterest income 750 692 1,488 1,169
NONINTEREST EXPENSE        
Personnel 623 572 1,247 1,087
Net occupancy 75 71 151 147
Computer processing 71 56 144 111
Business services and professional fees 51 49 101 93
Equipment 25 25 50 49
Operating lease expense 31 34 65 70
Marketing 31 24 57 45
Intangible asset amortization 14 18 29 35
Other expense 155 164 303 307
Total noninterest expense 1,076 1,013 2,147 1,944
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 913 215 1,678 383
Income taxes 189 30 336 53
INCOME (LOSS) FROM CONTINUING OPERATIONS 724 185 1,342 330
Income (loss) from discontinued operations 5 2 9 3
NET INCOME (LOSS) 729 187 1,351 333
Less: Net income (loss) attributable to noncontrolling interests 0 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 729 187 1,351 333
Income (loss) from continuing operations attributable to Key common shareholders 698 159 1,289 277
Net income (loss) attributable to Key common shareholders $ 703 $ 161 $ 1,298 $ 280
Per Common Share:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.73 $ 0.16 $ 1.34 $ 0.29
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0.01 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.73 0.17 1.35 0.29
Per Common Share — assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.72 0.16 1.33 0.28
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0.01 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.73 0.17 1.34 0.29
Cash dividends declared per common share (in usd per share) $ 0.185 $ 0.185 $ 0.370 $ 0.370
Weighted-average common shares outstanding (000) (in shares) 957,423 967,147 961,292 967,380
Effect of common share options and other stock awards (in shares) 9,740 4,994 9,514 6,892
Weighted-average common shares and potential common shares outstanding (in shares) [3] 967,163 972,141 970,806 974,272
[1] For the three and six months ended June 30, 2021, net securities gains (losses) totaled less than $1 million. For the three months ended June 30, 2021 and June 30, 2020, we did not have any impairment losses related to securities. For the three months ended June 30, 2020, we had no net securities gains (losses). For the six months ended June 30, 2020, net securities gains (losses) totaled $4 million.
[2] EPS may not foot due to rounding.
[3] Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.