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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Mar. 31, 2011
ASSETS      
Cash and due from banks $ 416 $ 694 $ 540
Short-term investments 3,605 3,519 3,705
Trading account assets 614 623 1,041
Securities available for sale 14,633 16,012 19,448
Held-to-maturity securities (fair value: $3,052, $2,133 and $19) 3,019 2,109 19
Other investments 1,188 1,163 1,402
Loans, net of unearned income of $1,282, $1,388 and $1,498 49,226 49,575 48,552
Less: Allowance for loan and lease losses 944 1,004 1,372
Net loans 48,282 48,571 47,180
Loans held for sale 511 728 426
Premises and equipment 937 944 906
Operating lease assets 335 350 491
Goodwill 917 917 917
Other intangible assets 15 17 20
Corporate-owned life insurance 3,270 3,256 3,187
Derivative assets 830 945 1,005
Accrued income and other assets (including $87 of consolidated LIHTC guaranteed funds VIEs, see Note 9)(a) 3,091 [1] 3,077 [1] 3,758 [1]
Discontinued assets (including $2,747 of consolidated education loan securitization trust VIEs (see Note 9) and $74of loans in portfolio at fair value)(a) 5,768 [1] 5,860 [1] 6,393 [1]
Total assets 87,431 88,785 90,438
Deposits in domestic offices:      
NOW and money market deposit accounts 29,124 27,954 26,177
Savings deposits 2,075 1,962 1,964
Certificates of deposit ($100,000 or more) 3,984 4,111 5,314
Other time deposits 5,848 6,243 7,597
Total interest-bearing 41,031 40,270 41,052
Noninterest-bearing 19,606 21,098 16,495
Deposits in foreign office - interest-bearing 857 588 3,263
Total deposits 61,494 61,956 60,810
Federal funds purchased and securities sold under repurchase agreements 1,846 1,711 2,232
Bank notes and other short-term borrowings 324 337 685
Derivative liabilities 754 1,026 1,106
Accrued expense and other liabilities 1,450 1,763 1,931
Long-term debt 8,898 9,520 11,048
Discontinued liabilities (including $2,542 of consolidated education loan securitization trust VIEs at fair value, see Note 9)(a) 2,549 [1] 2,550 [1] 2,929 [1]
Total liabilities 77,315 78,863 80,741
Preferred stock, $1 par value, authorized 25,000,000 shares:      
Common shares, $1 par value; authorized 1,400,000,000 shares; issued 1,016,969,905, 1,016,969,905 and 1,016,969,905 shares 1,017 1,017 1,017
Common stock warrant     87
Capital surplus 4,116 4,194 4,167
Retained earnings 6,411 6,246 5,721
Treasury stock, at cost (60,868,267, 63,962,113 and 63,043,642) (1,717) (1,815) (1,823)
Accumulated other comprehensive income (loss) (19) (28) (35)
Key shareholders' equity 10,099 9,905 9,425
Noncontrolling interests 17 17 272
Total equity 10,116 9,922 9,697
Total liabilities and equity 87,431 88,785 90,438
Preferred Stock
     
Preferred stock, $1 par value, authorized 25,000,000 shares:      
Total equity 291 291 291
Series A Preferred Stock
     
Preferred stock, $1 par value, authorized 25,000,000 shares:      
Preferred stock $ 291 $ 291 $ 291
[1] The assets of the VIEs can only be used by the particular VIE and there is no recourse to Key with respect to the liabilities of the consolidated LIHTC or education loan securitization trust VIEs.