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Asset Quality (Tables)
 6 Months Ended
Jun. 30, 2022
Credit Loss [Abstract]  
Schedule of Financing Receivable, Allowance for Credit Loss The changes in the ALLL by loan category for the periods indicated are as follows:
Three months ended June 30, 2022:
Dollars in millionsMarch 31, 2022ProvisionCharge-offsRecoveriesJune 30, 2022
Commercial and Industrial $489 $45 $(39)$8 $503 
Commercial real estate:
Real estate — commercial mortgage172 (14)(3)1 156 
Real estate — construction25 (5)— 1 21 
Total commercial real estate loans197 (19)(3)2 177 
Commercial lease financing31 (3)— 1 29 
Total commercial loans717 23 (42)11 709 
Real estate — residential mortgage108 11 2 1 122 
Home equity loans104 (10)— 1 95 
Consumer direct loans111 10 (10)1 112 
Credit cards63 3 (8)1 59 
Consumer indirect loans2 1 (1)— 2 
Total consumer loans388 15 (17)4 390 
Total ALLL — continuing operations1,105 38 
(a)
(59)15 1,099 
Discontinued operations27 (3)(1)1 24 
Total ALLL — including discontinued operations$1,132 $35 $(60)$16 $1,123 
(a)Excludes a provision for losses on lending-related commitments of $7 million.

Three months ended June 30, 2021:
Dollars in millionsMarch 31, 2021ProvisionCharge-offsRecoveriesJune 30, 2021
Commercial and Industrial $596 $(88)$(41)$32 $499 
Commercial real estate:
Real estate — commercial mortgage256 (31)(4)6 227 
Real estate — construction45 (10)— — 35 
Total commercial real estate loans301 (41)(4)6 262 
Commercial lease financing40 (6)— — 34 
Total commercial loans937 (135)(45)38 795 
Real estate — residential mortgage100 (13)(1)— 86 
Home equity loans157 (18)(4)1 136 
Consumer direct loans126 (6)(7)2 115 
Credit cards80 (6)(9)3 68 
Consumer indirect loans38 (18)(5)5 20 
Total consumer loans501 (61)(26)11 425 
Total ALLL — continuing operations1,438 (196)
(a)
(71)49 1,220 
Discontinued operations33 (2)(1)— 30 
Total ALLL — including discontinued operations$1,471 $(198)$(72)$49 $1,250 
(a)Excludes a credit for losses on lending-related commitments of $26 million.
Six months ended June 30, 2022:
Dollars in millionsDecember 31, 2021ProvisionCharge-offsRecoveriesJune 30, 2022
Commercial and Industrial $445 $108 $(69)$19 $503 
Commercial real estate:
Real estate — commercial mortgage182 (21)(7)2 156 
Real estate — construction29 (9)— 1 21 
Total commercial real estate loans211 (30)(7)3 177 
Commercial lease financing32 (2)(2)1 29 
Total commercial loans688 76 (78)23 709 
Real estate — residential mortgage95 23 3 1 122 
Home equity loans110 (16)(1)2 95 
Consumer direct loans105 21 (17)3 112 
Credit cards61 10 (15)3 59 
Consumer indirect loans2 1 (2)1 2 
Total consumer loans373 39 (32)10 390 
Total ALLL — continuing operations1,061 115 
(a)
(110)33 1,099 
Discontinued operations28 (2)(3)1 24 
Total ALLL — including discontinued operations$1,089 $113 $(113)$34 $1,123 
(a)Excludes a provision for losses on lending-related commitments of $13 million.

Six months ended June 30, 2021:
Dollars in millionsDecember 31, 2020ProvisionCharge-offsRecoveriesJune 30, 2021
Commercial and Industrial $678 $(105)$(114)$40 $499 
Commercial real estate:
Real estate — commercial mortgage327 (68)(39)7 227 
Real estate — construction47 (12)— — 35 
Total commercial real estate loans374 (80)(39)7 262 
Commercial lease financing47 (10)(4)1 34 
Total commercial loans1,099 (195)(157)48 795 
Real estate — residential mortgage102 (16)(1)1 86 
Home equity loans171 (31)(6)2 136 
Consumer direct loans128 (2)(15)4 115 
Credit cards87 (9)(15)5 68 
Consumer indirect loans39 (17)(12)10 20 
Total consumer loans527 (75)(49)22 425 
Total ALLL — continuing operations1,626 (270)
(a)
(206)70 1,220 
Discontinued operations36 (5)(2)1 30 
Total ALLL — including discontinued operations$1,662 $(275)$(208)$71 $1,250 
(a)Excludes a provision for losses on lending-related commitments of $45 million.
Schedule of Significant Macroeconomic Variables of Loan Portfolios The following table discloses key macroeconomic variables for each loan portfolio.
SegmentPortfolio
Key Macroeconomic Variables (a)
CommercialCommercial and industrialBBB corporate bond rate (spread), GDP, industrial production, and unemployment rate
Commercial real estate
Property & real estate price indices, unemployment rate, business bankruptcies, GDP
Commercial lease financingBBB corporate bond rate (spread), GDP, and unemployment rate
ConsumerReal estate — residential mortgageGDP, home price index, unemployment rate, and 30 year mortgage rate
Home equityHome price index, unemployment rate, and 30 year mortgage rate
Consumer directUnemployment rate and U.S. household income
Consumer indirectNew vehicle sales, used vehicle prices, and unemployment rate
Credit cardsUnemployment rate and U.S. household income
Discontinued operationsUnemployment rate
(a)Variables include all transformations and interactions with other risk drivers. Additionally, variables may have varying impacts at different points in the economic cycle.
Schedule of Financing Receivable Credit Quality Indicators
Credit Risk Profile by Creditworthiness Category and Vintage (a)
As of June 30, 2022Term LoansRevolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost Basis
Amortized Cost Basis by Origination Year and Internal Risk Rating
Dollars in millions20222021202020192018PriorTotal
Commercial and Industrial
Risk Rating:
Pass$5,201 $9,892 $3,988 $3,355 $2,304 $4,181 $24,496 $121 $53,538 
Criticized (Accruing)5 74 103 92 158 242 812 24 1,510 
Criticized (Nonaccruing)— 2 7 12 7 29 138 2 197 
Total commercial and industrial5,206 9,968 4,098 3,459 2,469 4,452 25,446 147 55,245 
Real estate — commercial mortgage
Risk Rating:
Pass2,748 4,583 1,043 1,980 871 2,878 920 50 15,073 
Criticized (Accruing)— 19 24 117 79 253 35 1 528 
Criticized (Nonaccruing)— — 2 2 2 26 3 — 35 
Total real estate — commercial mortgage
2,748 4,602 1,069 2,099 952 3,157 958 51 15,636 
Real estate — construction
Risk Rating:
Pass287 585 592 420 183 48 1 2 2,118 
Criticized (Accruing)— — 5 3 14 4 — — 26 
Criticized (Nonaccruing)— — — — — — — — — 
Total real estate — construction287 585 597 423 197 52 1 2 2,144 
Commercial lease financing
Risk Rating:
Pass470 927 629 564 233 1,064 — — 3,887 
Criticized (Accruing)2 1 11 23 15 15 — — 67 
Criticized (Nonaccruing)— — — 1 1 — — — 2 
Total commercial lease financing472 928 640 588 249 1,079 — 3,956 
Total commercial loans$8,713 $16,083 $6,404 $6,569 $3,867 $8,740 $26,405 $200 $76,981 

As of December 31, 2021Term LoansRevolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost Basis
Amortized Cost Basis by Origination Year and Internal Risk Rating
Dollars in millions20212020201920182017PriorTotal
Commercial and Industrial
Risk Rating:
Pass$11,675 $4,941 $4,040 $2,771 $1,777 $3,108 $20,406 $72 $48,790 
Criticized (Accruing)64 71 115 175 200 121 784 14 1,544 
Criticized (Nonaccruing)1 1 21 10 19 15 122 2 191 
Total commercial and industrial11,740 5,013 4,176 2,956 1,996 3,244 21,312 88 50,525 
Real estate — commercial mortgage
Risk Rating:
Pass4,923 1,197 2,137 1,168 612 2,787 803 53 13,680 
Criticized (Accruing)15 22 70 62 109 206 35 1 520 
Criticized (Nonaccruing)— 1 1 5 — 31 6 — 44 
Total real estate — commercial mortgage
4,938 1,220 2,208 1,235 721 3,024 844 54 14,244 
Real estate — construction
Risk Rating:
Pass495 565 530 223 92 32 2 — 1,939 
Criticized (Accruing)— 4 5 43 4 — 1 — 57 
Criticized (Nonaccruing)— — — — — — — — — 
Total real estate — construction495 569 535 266 96 32 3 — 1,996 
Commercial lease financing
Risk Rating:
Pass1,039 748 675 301 309 927 — — 3,999 
Criticized (Accruing)— 6 29 13 13 7 — — 68 
Criticized (Nonaccruing)— — 1 1 1 1 — — 4 
Total commercial lease financing1,039 754 705 315 323 935 — — 4,071 
Total commercial loans$18,212 $7,556 $7,624 $4,772 $3,136 $7,235 $22,159 $142 $70,836 
(a)Accrued interest of $152 million and $113 million as of June 30, 2022, and December 31, 2021, respectively, presented in Other Assets on the Consolidated Balance Sheets, was excluded from the amortized cost basis disclosed in these tables.
Consumer Credit Exposure
Credit Risk Profile by FICO Score and Vintage (a)
As of June 30, 2022Term LoansRevolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost Basis
Amortized Cost Basis by Origination Year and FICO Score
Dollars in millions20222021202020192018PriorTotal
Real estate — residential mortgage
FICO Score:
750 and above$3,552 $8,267 $2,691 $668 $65 $1,063 $— $— $16,306 
660 to 7491,094 1,125 314 119 32 277 — — 2,961 
Less than 66014 34 18 14 16 141 — — 237 
No Score51 1 — 1 1 29 1 — 84 
Total real estate — residential mortgage4,711 9,427 3,023 802 114 1,510 1 — 19,588 
Home equity loans
FICO Score:
750 and above136 999 773 224 80 686 2,248 401 5,547 
660 to 74977 327 226 88 36 205 969 131 2,059 
Less than 6607 29 21 20 11 90 304 40 522 
No Score— — 1 — — 2 3 — 6 
Total home equity loans220 1,355 1,021 332 127 983 3,524 572 8,134 
Consumer direct loans
FICO Score:
750 and above1,062 1,817 925 415 51 116 104 — 4,490 
660 to 749369 501 247 138 34 47 203 — 1,539 
Less than 66024 59 31 23 7 11 54 — 209 
No Score45 46 30 22 15 27 242 — 427 
Total consumer direct loans1,500 2,423 1,233 598 107 201 603 — 6,665 
Credit cards
FICO Score:
750 and above— — — — — — 496 — 496 
660 to 749— — — — — — 383 — 383 
Less than 660— — — — — — 87 — 87 
No Score— — — — — — 1 — 1 
Total credit cards— — — — — — 967 — 967 
Consumer indirect loans
FICO Score:
750 and above— 3 — — — 24 — — 27 
660 to 749— — — — — 20 — — 20 
Less than 660— — — — — 8 — — 8 
No Score— — — — — — — — — 
Total consumer indirect loans— 3 — — — 52 — — 55 
Total consumer loans$6,431 $13,208 $5,277 $1,732 $348 $2,746 $5,095 $572 $35,409 
As of December 31, 2021Term LoansRevolving Loans Amortized Cost BasisRevolving Loans Converted to Term Loans Amortized Cost Basis
Amortized Cost Basis by Origination Year and FICO Score
Dollars in millions20212020201920182017PriorTotal
Real estate — residential mortgage
FICO Score:
750 and above$7,906 $2,909 $777 $84 $126 $1,096 $— $— $12,898 
660 to 7491,686 351 169 39 25 308 — — 2,578 
Less than 66026 14 19 16 9 142 — — 226 
No Score18 — 1 1 3 30 1 — 54 
Total real estate — residential mortgage9,636 3,274 966 140 163 1,576 1 — 15,756 
Home equity loans
FICO Score:
750 and above1,051 830 251 96 128 666 2,244 423 5,689 
660 to 749394 263 111 44 40 204 1,004 143 2,203 
Less than 66027 24 20 13 13 92 333 46 568 
No Score— 2 — — — 2 3 — 7 
Total home equity loans1,472 1,119 382 153 181 964 3,584 612 8,467 
Consumer direct loans
FICO Score:
750 and above1,799 1,129 517 65 17 129 109 — 3,765 
660 to 749612 295 174 46 10 45 212 — 1,394 
Less than 66045 33 27 11 3 12 60 — 191 
No Score68 40 29 17 10 21 218 — 403 
Total consumer direct loans2,524 1,497 747 139 40 207 599 — 5,753 
Credit cards
FICO Score:
750 and above— — — — — — 500 — 500 
660 to 749— — — — — — 387 — 387 
Less than 660— — — — — — 84 — 84 
No Score— — — — — — 1 — 1 
Total credit cards— — — — — — 972 — 972 
Consumer indirect loans
FICO Score:
750 and above5 — — — — 30 — — 35 
660 to 749— — — — — 26 — — 26 
Less than 660— — — — — 9 — — 9 
No Score— — — — — — — — — 
Total consumer indirect loans5 — — — — 65 — — 70 
Total consumer loans$13,637 $5,890 $2,095 $432 $384 $2,812 $5,156 $612 $31,018 
(a)Accrued interest of $81 million and $85 million as of June 30, 2022 and December 31, 2021, respectively, presented in Other Assets on the Consolidated Balance Sheets, was excluded from the amortized cost basis disclosed in this table.
Schedule of Past Due Loans Including Current Loans
The following aging analysis of past due and current loans as of June 30, 2022, and December 31, 2021, provides further information regarding Key’s credit exposure.

Aging Analysis of Loan Portfolio(a)
June 30, 2022Current
30-59
Days Past
Due (b)
60-89
Days Past
Due (b)
90 and
Greater
Days Past
Due (b)
Non-performing
Loans 		Total Past
Due and
Non-performing
Loans
Total
Loans (c)
Dollars in millions
LOAN TYPE
Commercial and industrial$54,960 $48 $23 $17 $197 $285 $55,245 
Commercial real estate:
Commercial mortgage15,584 9 1 7 35 52 15,636 
Construction2,143 1 — — — 1 2,144 
Total commercial real estate loans17,727 10 1 7 35 53 17,780 
Commercial lease financing3,948 1 2 3 2 8 3,956 
Total commercial loans$76,635 $59 $26 $27 $234 $346 $76,981 
Real estate — residential mortgage$19,509 $8 $3 $1 $67 $79 $19,588 
Home equity loans7,990 17 4 3 120 144 8,134 
Consumer direct loans6,644 10 4 4 3 21 6,665 
Credit cards952 3 3 6 3 15 967 
Consumer indirect loans53 — — — 2 2 55 
Total consumer loans$35,148 $38 $14 $14 $195 $261 $35,409 
Total loans$111,783 $97 $40 $41 $429 $607 $112,390 
(a)Amounts in table represent amortized cost and exclude loans held for sale.
(b)Accrued interest of $233 million presented in Other Assets on the Consolidated Balance Sheets is excluded from the amortized cost basis disclosed in this table.
(c)Net of unearned income, net of deferred fees and costs, and unamortized discounts and premiums.

December 31, 2021Current
30-59
Days Past
Due (b)
60-89
Days Past
Due (b)
90 and
Greater
Days Past
Due (b)
Non-performing
Loans
Total Past
Due and
Non-performing
Loans
Total
Loans (c)
Dollars in millions
LOAN TYPE
Commercial and industrial$50,226 $19 $49 $40 $191 $299 $50,525 
Commercial real estate:
Commercial mortgage14,174 10 9 7 44 70 14,244 
Construction1,978 — 17 1 — 18 1,996 
Total commercial real estate loans16,152 10 26 8 44 88 16,240 
Commercial lease financing4,061 6 — — 4 10 4,071 
Total commercial loans$70,439 $35 $75 $48 $239 $397 $70,836 
Real estate — residential mortgage$15,669 $7 $3 $5 $72 $87 $15,756 
Home equity loans8,299 21 6 6 135 168 8,467 
Consumer direct loans5,736 8 2 3 4 17 5,753 
Credit cards956 4 3 6 3 16 972 
Consumer indirect loans68 1 — — 1 2 70 
Total consumer loans$30,728 $41 $14 $20 $215 $290 $31,018 
Total loans$101,167 $76 $89 $68 $454 $687 $101,854 

(a)Amounts in table represent amortized cost and exclude loans held for sale.
(b)Accrued interest of $198 million presented in Other Assets on the Consolidated Balance Sheets is excluded from the amortized cost basis disclosed in this table.
(c)Net of unearned income, net of deferred fees and costs, and unamortized discounts and premiums.
Schedule of Post-Modification Outstanding Recorded Investment by Concession Type for Our Commercial Accruing and Nonaccruing TDRs
The following table shows the post-modification outstanding recorded investment by concession type for our commercial and consumer accruing and nonaccruing TDRs that occurred during the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
Dollars in millions2022202120222021
Commercial loans:
Extension of Maturity Date$— $— $— $26 
Payment or Covenant Modification/Deferment— 16 1 23 
Bankruptcy Plan Modification— — — — 
Increase in new commitment or new money— — — — 
Total$— $16 $1 $49 
Consumer loans:
Interest rate reduction$3 $2 $4 $4 
Other6 4 15 7 
Total$9 $6 $19 $11 
Total TDRs$9 $22 $20 $60 
Schedule of Post-Modification Outstanding Recorded Investment, Accruing And Nonaccruing TDRs
The following table summarizes the change in the post-modification outstanding recorded investment of our accruing and nonaccruing TDRs during the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
Dollars in millions2022202120222021
Balance at beginning of the period$219 $376 $220 $363 
Additions11 22 22 81 
Payments(12)(60)(24)(81)
Charge-offs(2)(4)(2)(29)
Balance at end of period$216 $334 $216 $334 
Schedule of Breakdown of Nonperforming TDRs by Loans Category
A further breakdown of TDRs included in nonperforming loans by loan category for the periods indicated are as follows:
June 30, 2022December 31, 2021
Number of
Loans
Pre-modification
Outstanding
Recorded
Investment
Post-modification
Outstanding
Recorded
Investment
Number of
Loans
Pre-modification
Outstanding
Recorded
Investment
Post-modification
Outstanding
Recorded
Investment
Dollars in millions
LOAN TYPE
Nonperforming:
Commercial and industrial40 $25 $12 36 $30 $14 
Commercial real estate:
Commercial mortgage3 50 23 3 50 25 
Total commercial real estate loans3 50 23 3 50 25 
Total commercial loans43 75 35 39 80 39 
Real estate — residential mortgage224 27 25 220 26 24 
Home equity loans486 32 29 531 36 31 
Consumer direct loans172 2 2 207 3 2 
Credit cards345 2 2 360 2 2 
Consumer indirect loans20 2 1 23 1 1 
Total consumer loans1,247 65 59 1,341 68 60 
Total nonperforming TDRs1,290 140 94 1,380 148 99 
Prior-year accruing:(a)
Commercial and industrial11 — — 11 — — 
Commercial real estate
Commercial mortgage1 — — 1 — — 
Total commercial real estate loans1 — — 1 — — 
Total commercial loans12 — — 12 — — 
Real estate — residential mortgage457 42 35 455 39 33 
Home equity loans1,612 99 76 1,628 97 75 
Consumer direct loans253 4 3 236 5 3 
Credit cards607 4 2 579 4 2 
Consumer indirect loans113 12 6 139 15 8 
Total consumer loans3,042 161 122 3,037 160 121 
Total prior-year accruing TDRs3,054 161 122 3,049 160 121 
Total TDRs4,344 $301 $216 4,429 $308 $220 
(a)All TDRs that were restructured prior to January 1, 2022, and January 1, 2021, are fully accruing.
Schedule of Changes in Liability for Credit Losses on Off-Balance Sheet Exposures
Changes in the liability for credit losses on off balance sheet exposures are summarized as follows:
 Three months ended June 30,Six months ended June 30,
Dollars in millions2022202120222021
Balance at beginning of period$166 $178 160 197 
Provision (credit) for losses on off balance sheet exposures7 (26)13 (45)
Balance at end of period$173 $152 $173 $152