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Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
INTEREST INCOME      
Loans $ 2,206 $ 2,653 $ 3,194
Loans held for sale 14 17 29
Securities available for sale 583 644 460
Held-to-maturity securities 12 2 2
Trading account assets 26 37 47
Short-term investments 6 6 12
Other investments 42 49 51
Total interest income 2,889 3,408 3,795
INTEREST EXPENSE      
Deposits 390 671 1,119
Federal funds purchased and securities sold under repurchase agreements 5 6 5
Bank notes and other short-term borrowings 11 14 16
Long-term debt 216 206 275
Total interest expense 622 897 1,415
NET INTEREST INCOME 2,267 2,511 2,380
Provision (credit) for loan and lease losses (60) 638 3,159
Net interest income (expense) after provision for loan and lease losses 2,327 1,873 (779)
NONINTEREST INCOME      
Trust and investment services income 434 444 459
Service charges on deposit accounts 281 301 330
Operating lease income 122 173 227
Letter of credit and loan fees 213 194 180
Corporate-owned life insurance income 121 137 114
Net securities gains (losses) (a) 1 [1] 14 [1] 113 [1]
Electronic banking fees 114 117 105
Gains on leased equipment 25 20 99
Insurance income 53 64 68
Net gains (losses) from loan sales 75 76 (1)
Net gains (losses) from principal investing 78 66 (4)
Investment banking and capital markets income (loss) 134 145 (42)
Gain from sale/redemption of Visa Inc. shares     105
Gain related to exchange of common shares for capital securities     78
Other income 157 203 204
Total noninterest income 1,808 1,954 2,035
NONINTEREST EXPENSE      
Personnel 1,520 1,471 1,514
Net occupancy 258 270 259
Operating lease expense 94 142 195
Computer processing 166 185 192
Business services and professional fees 186 176 184
FDIC assessment 52 124 177
OREO expense, net 13 68 97
Equipment 103 100 96
Marketing 60 72 72
Provision (credit) for losses on lending-related commitments (28) (48) 67
Intangible asset impairment     241
Other expense 366 474 460
Total noninterest expense 2,790 3,034 3,554
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,345 793 (2,298)
Income taxes 369 186 (1,035)
INCOME (LOSS) FROM CONTINUING OPERATIONS 976 607 (1,263)
Income (loss) from discontinued operations, net of taxes of ($26), ($14) and ($28) (see Note 13) (44) (23) (48)
NET INCOME (LOSS) 932 584 (1,311)
Less: Net income (loss) attributable to noncontrolling interests 12 30 24
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 920 554 (1,335)
Income (loss) from continuing operations attributable to Key common shareholders 857 413 (1,581)
Net income (loss) attributable to Key common shareholders $ 813 $ 390 $ (1,629)
Per common share:      
Income (loss) from continuing operations attributable to Key common shareholders $ 0.92 $ 0.47 $ (2.27)
Income (loss) from discontinued operations, net of taxes $ (0.05) $ (0.03) $ (0.07)
Net income (loss) attributable to Key common shareholders $ 0.87 [2] $ 0.45 [2] $ (2.34) [2]
Per common share - assuming dilution:      
Income (loss) from continuing operations attributable to Key common shareholders $ 0.92 $ 0.47 $ (2.27)
Income (loss) from discontinued operations, net of taxes $ (0.05) $ (0.03) $ (0.07)
Net income (loss) attributable to Key common shareholders $ 0.87 [2] $ 0.44 [2] $ (2.34) [2]
Cash dividends declared per common share $ 0.10 $ 0.04 $ 0.0925
Weighted-average common shares outstanding (000) (b) 931,934 [3] 874,748 [3] 697,155 [3]
Weighted-average common shares and potential common shares outstanding (000) 935,801 878,153 697,155
[1] Key did not have impairment losses related to securities recognized in earnings in 2011 and 2010. Impairment losses and the portion of those losses recorded in equity as a component of AOCI on the balance sheet totaled $11 million and $3 million, respectively, for 2009.
[2] EPS may not foot due to rounding.
[3] Assumes conversion of stock options and/or Preferred Series A, as applicable.