Asset Quality (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Nonperforming Assets and Past Due Loans

Our nonperforming assets and past due loans were as follows:

in millions	March 31, 2015		December 31, 2014		March 31, 2014
Total nonperforming loans (a), (b)	$	437	$	418	$	449
Nonperforming loans held for sale		—		—		1
OREO (c)		20		18		12
Other nonperforming assets		—		—		7
Total nonperforming assets	$	457	$	436	$	469
Nonperforming assets from discontinued operations—education lending (d)	$	8	$	11	$	20
Restructured loans included in nonperforming loans	$	141	$	157	$	178
Restructured loans with an allocated specific allowance (e)		70		82		51
Specifically allocated allowance for restructured loans (f)		39		34		32
Accruing loans past due 90 days or more	$	111	$	96	$	89
Accruing loans past due 30 through 89 days		216		235		267

(a) Loan balances exclude $12 million, $13 million, and $16 million of PCI loans at March 31, 2015, December 31, 2014, and March 31, 2014, respectively.

(b) Includes carrying value of consumer residential mortgage loans in the process of foreclosure of approximately $119 million at March 31, 2015.

(c) Includes carrying value of foreclosed residential real estate of approximately $17 million at March 31, 2015.

(d) Restructured loans of approximately $18 million, $17 million, and $15 million are included in discontinued operations at March 31, 2015, December 31, 2014, and March 31, 2014, respectively. See Note 11 (“Acquisitions and Discontinued Operations”) for further discussion.

(e) Included in individually impaired loans allocated a specific allowance.

(f) Included in allowance for individually evaluated impaired loans.

Impaired Loans Evaluated for Specific Reserves

The following tables set forth a further breakdown of individually impaired loans as of March 31, 2015, December 31, 2014, and March 31, 2014:

March 31, 2015 in millions	Recorded Investment (a)		Unpaid Principal Balance (b)		Specific Allowance		Average Recorded Investment
With no related allowance recorded:
Commercial, financial and agricultural	$	20	$	51		—	$	13
Commercial real estate:
Commercial mortgage		14		19		—		14
Construction		7		7		—		6
Total commercial real estate loans		21		26		—		20
Total commercial loans		41		77		—		33
Real estate — residential mortgage		23		23		—		23
Home equity:
Key Community Bank		62		62		—		62
Other		1		2		—		1
Total home equity loans		63		64		—		63
Consumer other:
Marine		1		1		—		2
Total consumer other		1		1		—		2
Total consumer loans		87		88		—		88
Total loans with no related allowance recorded		128		165		—		121
With an allowance recorded:
Commercial, financial and agricultural		62		62	$	20		50
Commercial real estate:
Commercial mortgage		6		7		2		6
Construction		—		—		—		1
Total commercial real estate loans		6		7		2		7
Total commercial loans		68		69		22		57
Real estate — residential mortgage		32		32		5		32
Home equity:
Key Community Bank		49		49		16		48
Other		11		11		2		11
Total home equity loans		60		60		18		59
Consumer other — Key Community Bank		3		3		—		3
Credit cards		4		4		—		4
Consumer other:
Marine		41		41		4		42
Other		2		2		—		2
Total consumer other		43		43		4		44
Total consumer loans		142		142		27		142
Total loans with an allowance recorded		210		211		49		199
Total	$	338	$	376	$	49	$	320

(a) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on our consolidated balance sheet.

(b) The Unpaid Principal Balance represents the customer’s legal obligation to us.

December 31, 2014 in millions	Recorded Investment (a)		Unpaid Principal Balance (b)		Specific Allowance		Average Recorded Investment
With no related allowance recorded:
Commercial, financial and agricultural	$	6	$	17		—	$	8
Commercial real estate:
Commercial mortgage		15		20		—		19
Construction		5		6		—		7
Total commercial real estate loans		20		26		—		26
Total commercial loans		26		43		—		34
Real estate — residential mortgage		24		24		—		30
Home equity:
Key Community Bank		62		63		—		63
Other		1		1		—		2
Total home equity loans		63		64		—		65
Consumer other:
Marine		2		2		—		2
Total consumer other		2		2		—		2
Total consumer loans		89		90		—		97
Total loans with no related allowance recorded		115		133		—		131
With an allowance recorded:
Commercial, financial and agricultural		37		37	$	9		28
Commercial real estate:
Commercial mortgage		6		6		2		6
Construction		3		3		1		2
Total commercial real estate loans		9		9		3		8
Total commercial loans		46		46		12		36
Real estate — residential mortgage		31		31		5		25
Home equity:
Key Community Bank		46		46		16		43
Other		11		11		2		11
Total home equity loans		57		57		18		54
Consumer other — Key Community Bank		4		4		—		3
Credit cards		4		4		—		4
Consumer other:
Marine		43		43		5		45
Other		2		2		—		2
Total consumer other		45		45		5		47
Total consumer loans		141		141		28		133
Total loans with an allowance recorded		187		187		40		169
Total	$	302	$	320	$	40	$	300

(a) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on our consolidated balance sheet.

(b) The Unpaid Principal Balance represents the customer’s legal obligation to us.

March 31, 2014 in millions	Recorded Investment (a)		Unpaid Principal Balance (b)		Specific Allowance		Average Recorded Investment
With no related allowance recorded:
Commercial, financial and agricultural	$	33	$	60		—	$	33
Commercial real estate:
Commercial mortgage		23		28		—		22
Construction		7		17		—		27
Total commercial real estate loans		30		45		—		49
Total commercial loans		63		105		—		82
Real estate — residential mortgage		26		26		—		26
Home equity:
Key Community Bank		70		70		—		69
Other		2		2		—		2
Total home equity loans		72		72		—		71
Consumer other:
Marine		2		2		—		3
Total consumer other		2		2		—		3
Total consumer loans		100		100		—		100
Total loans with no related allowance recorded		163		205		—		182
With an allowance recorded:
Commercial, financial and agricultural		7		10	$	2		12
Commercial real estate:
Commercial mortgage		2		2		1		4
Construction		—		—		—		1
Total commercial real estate loans		2		2		1		5
Total commercial loans		9		12		3		17
Real estate — residential mortgage		28		28		5		28
Home equity:
Key Community Bank		36		36		16		36
Other		11		11		2		11
Total home equity loans		47		47		18		47
Consumer other — Key Community Bank		3		3		—		3
Credit cards		4		4		1		4
Consumer other:
Marine		49		49		7		49
Other		1		1		—		1
Total consumer other		50		50		7		50
Total consumer loans		132		132		31		132
Total loans with an allowance recorded		141		144		34		149
Total	$	304	$	349	$	34	$	331

(a) The Recorded Investment represents the face amount of the loan increased or decreased by applicable accrued interest, net deferred loan fees and costs, and unamortized premium or discount, and reflects direct charge-offs. This amount is a component of total loans on our consolidated balance sheet.

(b) The Unpaid Principal Balance represents the customer’s legal obligation to us.

Breakdown of Nonperforming TDRs by Loans Category

A further breakdown of TDRs included in nonperforming loans by loan category as of March 31, 2015, follows:

March 31, 2015 dollars in millions	Number of loans		Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
LOAN TYPE
Nonperforming:
Commercial, financial and agricultural		11	$	25	$	22
Commercial real estate:
Real estate — commercial mortgage		12		37		13
Total commercial real estate loans		12		37		13
Total commercial loans		23		62		35
Real estate — residential mortgage		383		22		22
Home equity:
Key Community Bank		1,071		76		70
Other		128		4		3
Total home equity loans		1,199		80		73
Consumer other — Key Community Bank		28		1		1
Credit cards		275		2		1
Consumer other:
Marine		117		8		8
Other		26		1		1
Total consumer other		143		9		9
Total consumer loans		2,028		114		106
Total nonperforming TDRs		2,051		176		141
Prior-year accruing (a)
Commercial, financial and agricultural		17		6		3
Commercial real estate:
Real estate — commercial mortgage		1		2		1
Total commercial real estate loans		1		2		1
Total commercial loans		18		8		4
Real estate — residential mortgage		454		34		34
Home equity:
Key Community Bank		803		47		41
Other		339		10		8
Total home equity loans		1,142		57		49
Consumer other — Key Community Bank		51		2		2
Credit cards		519		4		2
Consumer other:
Marine		429		60		35
Other		76		2		1
Total consumer other		505		62		36
Total consumer loans		2,671		159		123
Total prior-year accruing TDRs		2,689		167		127
Total TDRs		4,740	$	343	$	268

(a) All TDRs that were restructured prior to January 1, 2015, and are fully accruing.

A further breakdown of TDRs included in nonperforming loans by loan category as of December 31, 2014, follows:

December 31, 2014 dollars in millions	Number of loans		Pre-modification Outstanding Recorded Investment		Post-modification Outstanding Recorded Investment
LOAN TYPE
Nonperforming:
Commercial, financial and agricultural		14	$	25	$	23
Commercial real estate:
Real estate — commercial mortgage		10		38		13
Real estate — construction		1		5		—
Total commercial real estate loans		11		43		13
Total commercial loans		25		68		36
Real estate — residential mortgage		453		27		27
Home equity:
Key Community Bank		1,184		79		72
Other		158		4		4
Total home equity loans		1,342		83		76
Consumer other — Key Community Bank		37		2		1
Credit cards		290		2		2
Consumer other:
Marine		206		17		14
Other		38		1		1
Total consumer other		244		18		15
Total consumer loans		2,366		132		121
Total nonperforming TDRs		2,391		200		157
Prior-year accruing (a)
Commercial, financial and agricultural		20		6		3
Commercial real estate:
Real estate — commercial mortgage		1		2		1
Total commercial real estate loans		1		2		1
Total commercial loans		21		8		4
Real estate — residential mortgage		381		29		29
Home equity:
Key Community Bank		674		41		36
Other		310		9		8
Total home equity loans		984		50		44
Consumer other — Key Community Bank		45		2		2
Credit cards		514		4		2
Consumer other:
Marine		373		54		31
Other		67		2		1
Total consumer other		440		56		32
Total consumer loans		2,364		141		109
Total prior-year accruing TDRs		2,385		149		113
Total TDRs		4,776	$	349	$	270

(a) All TDRs that were restructured prior to January 1, 2014, and are fully accruing.

A further breakdown of TDRs included in nonperforming loans by loan category as of March 31, 2014, follows:

			Pre-modification		Post-modification
			Outstanding		Outstanding
March 31, 2014	Number		Recorded		Recorded
dollars in millions	of loans		Investment		Investment
LOAN TYPE
Nonperforming:
Commercial, financial and agricultural		28	$	58	$	33
Commercial real estate:
Real estate — commercial mortgage		11		40		14
Real estate — construction		5		16		2
Total commercial real estate loans		16		56		16
Total commercial loans		44		114		49
Real estate — residential mortgage		687		42		42
Home equity:
Key Community Bank		1,190		73		69
Other		132		4		4
Total home equity loans		1,322		77		73
Consumer other — Key Community Bank		33		1		1
Credit cards		10		—		—
Consumer other:
Marine		210		14		12
Other		41		1		1
Total consumer other		251		15		13
Total consumer loans		2,303		135		129
Total nonperforming TDRs		2,347		249		178
Prior-year accruing (a)
Commercial, financial and agricultural		42		7		4
Commercial real estate:
Real estate — commercial mortgage		4		18		8
Total commercial real estate loans		4		18		8
Total commercial loans		46		25		12
Real estate — residential mortgage		111		12		12
Home equity:
Key Community Bank		708		40		37
Other		312		9		8
Total home equity loans		1,020		49		45
Consumer other — Key Community Bank		51		2		2
Credit cards		785		5		5
Consumer other:
Marine		430		62		39
Other		68		2		1
Total consumer other		498		64		40
Total consumer loans		2,465		132		104
Total prior-year accruing TDRs		2,511		157		116
Total TDRs		4,858	$	406	$	294

(a) All TDRs that were restructured prior to January 1, 2014, and are fully accruing.

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 and other selected financial data.

	March 31,		December 31,		March 31,
in millions	2015		2014		2014
Commercial loans:
Interest rate reduction	$	12	$	13	$	49
Forgiveness of principal		2		2		5
Other		25		25		7
Total	$	39	$	40	$	61
Consumer loans:
Interest rate reduction	$	140	$	140	$	142
Forgiveness of principal		4		4		5
Other		85		86		86
Total	$	229	$	230	$	233
Total commercial and consumer TDRs (a)	$	268	$	270	$	294
Total loans		57,953		57,381		55,445

(a) Commitments outstanding to lend additional funds to borrowers whose loan terms have been modified in TDRs are $5 million, $5 million, and $2 million at March 31, 2015, December 31, 2014, and March 31, 2014, respectively.

Past Due Loans Including Current Loans

The following aging analysis of past due and current loans as of March 31, 2015, December 31, 2014, and March 31, 2014, provides further information regarding Key’s credit exposure.

							90 and				Total Past
			30-59		60-89		Greater				Due and		Purchased
March 31, 2015			Days Past		Days Past		Days Past		Nonperforming		Nonperforming		Credit		Total
in millions	Current		Due		Due		Due		Loans		Loans		Impaired		Loans
LOAN TYPE
Commercial, financial and agricultural	$	28,603	$	36	$	11	$	35	$	98	$	180		—	$	28,783
Commercial real estate:
Commercial mortgage		8,080		5		18		29		30		82		—		8,162
Construction		1,114		10		4		2		12		28		—		1,142
Total commercial real estate loans		9,194		15		22		31		42		110		—		9,304
Commercial lease financing		4,017		9		6		12		20		47		—		4,064
Total commercial loans	$	41,814	$	60	$	39	$	78	$	160	$	337		—	$	42,151
Real estate — residential mortgage	$	2,129	$	12	$	5	$	2	$	72	$	91	$	11	$	2,231
Home equity:
Key Community Bank		10,012		39		23		13		182		257		1		10,270
Other		238		4		1		1		9		15		—		253
Total home equity loans		10,250		43		24		14		191		272		1		10,523
Consumer other — Key Community Bank		1,527		8		4		6		2		20		—		1,547
Credit cards		708		5		3		9		2		19		—		727
Consumer other:
Marine		707		8		4		2		9		23		—		730
Other		42		1		—		—		1		2		—		44
Total consumer other		749		9		4		2		10		25		—		774
Total consumer loans	$	15,363	$	77	$	40	$	33	$	277	$	427	$	12	$	15,802
Total loans	$	57,177	$	137	$	79	$	111	$	437	$	764	$	12	$	57,953

							90 and				Total Past
			30-59		60-89		Greater				Due and		Purchased
December 31, 2014			Days Past		Days Past		Days Past		Nonperforming		Nonperforming		Credit		Total
in millions	Current		Due		Due		Due		Loans		Loans		Impaired		Loans
LOAN TYPE
Commercial, financial and agricultural	$	27,858	$	19	$	14	$	32	$	59	$	124		—	$	27,982
Commercial real estate:
Commercial mortgage		7,981		6		10		16		34		66		—		8,047
Construction		1,084		2		—		1		13		16		—		1,100
Total commercial real estate loans		9,065		8		10		17		47		82		—		9,147
Commercial lease financing		4,172		30		21		11		18		80		—		4,252
Total commercial loans	$	41,095	$	57	$	45	$	60	$	124	$	286		—	$	41,381
Real estate — residential mortgage	$	2,111	$	12	$	7	$	4	$	79	$	102	$	12	$	2,225
Home equity:
Key Community Bank		10,098		46		22		14		185		267		1		10,366
Other		249		5		2		1		10		18		—		267
Total home equity loans		10,347		51		24		15		195		285		1		10,633
Consumer other — Key Community Bank		1,541		9		3		5		2		19		—		1,560
Credit cards		733		6		4		9		2		21		—		754
Consumer other:
Marine		746		11		5		2		15		33		—		779
Other		46		1		—		1		1		3		—		49
Total consumer other		792		12		5		3		16		36		—		828
Total consumer loans	$	15,524	$	90	$	43	$	36	$	294	$	463	$	13	$	16,000
Total loans	$	56,619	$	147	$	88	$	96	$	418	$	749	$	13	$	57,381

			30-59		60-89		90 and Greater				Total Past Due and		Purchased
March 31, 2014			Days Past		Days Past		Days Past		Nonperforming		Nonperforming		Credit		Total
in millions	Current		Due		Due		Due		Loans		Loans		Impaired		Loans
LOAN TYPE
Commercial, financial and agricultural	$	26,071	$	67	$	8	$	18	$	60	$	153		—	$	26,224
Commercial real estate:
Commercial mortgage		7,806		9		7		17		37		70	$	1		7,877
Construction		987		3		5		1		11		20		—		1,007
Total commercial real estate loans		8,793		12		12		18		48		90		1		8,884
Commercial lease financing		4,338		15		12		13		18		58		—		4,396
Total commercial loans	$	39,202	$	94	$	32	$	49	$	126	$	301	$	1	$	39,504
Real estate — residential mortgage	$	2,043	$	13	$	6	$	3	$	105	$	127	$	13	$	2,183
Home equity:
Key Community Bank		10,010		45		25		11		188		269		2		10,281
Other		296		5		2		1		11		19		—		315
Total home equity loans		10,306		50		27		12		199		288		2		10,596
Consumer other — Key Community Bank		1,415		8		5		6		2		21		—		1,436
Credit cards		671		7		4		15		1		27		—		698
Consumer other:
Marine		928		12		6		4		15		37		—		965
Other		59		2		1		—		1		4		—		63
Total consumer other		987		14		7		4		16		41		—		1,028
Total consumer loans	$	15,422	$	92	$	49	$	40	$	323	$	504	$	15	$	15,941
Total loans	$	54,624	$	186	$	81	$	89	$	449	$	805	$	16	$	55,445

Financing Receivable Credit Quality Indicators

Commercial Credit Exposure

Credit Risk Profile by Creditworthiness Category ^(a)

March 31,
in millions
	Commercial, financial and agricultural				RE — Commercial				RE — Construction				Commercial Lease				Total
RATING (b), (c)	2015		2014		2015		2014		2015		2014		2015		2014		2015		2014
AAA — AA	$	286	$	500	$	6	$	1	$	1	$	1	$	535	$	805	$	828	$	1,307
A		1,267		1,010		2		57		—		1		516		448		1,785		1,516
BBB — BB		25,684		23,361		7,604		7,267		992		826		2,842		2,964		37,122		34,418
B		648		551		325		337		127		84		104		101		1,204		1,073
CCC — C		898		802		225		214		22		95		67		78		1,212		1,189
Total	$	28,783	$	26,224	$	8,162	$	7,876	$	1,142	$	1,007	$	4,064	$	4,396	$	42,151	$	39,503

(a) Credit quality indicators are updated on an ongoing basis and reflect credit quality information as of the dates indicated.

(b) Our bond rating to internal loan grade conversion system is as follows: AAA - AA = 1, A = 2, BBB - BB = 3 - 13, B = 14 - 16, and CCC - C = 17 - 20.

(c) Our internal loan grade to regulatory-defined classification is as follows: Pass = 1-16, Special Mention = 17, Substandard = 18, Doubtful = 19, and Loss = 20.

Consumer Credit Exposure

Credit Risk Profile by Regulatory Classifications ^{(a), (b)}

March 31,
in millions
	Residential — Prime
GRADE	2015		2014
Pass	$	12,463	$	12,445
Substandard		279		319
Total	$	12,742	$	12,764

Credit Risk Profile Based on Payment Activity ^(a)

March 31,	Consumer — Key Community Bank				Credit cards				Consumer — Marine				Consumer — Other				Total
in millions	2015		2014		2015		2014		2015		2014		2015		2014		2015		2014
Performing	$	1,545	$	1,434	$	725	$	697	$	721	$	950	$	43	$	62	$	3,034	$	3,143
Nonperforming		2		2		2		1		9		15		1		1		14		19
Total	$	1,547	$	1,436	$	727	$	698	$	730	$	965	$	44	$	63	$	3,048	$	3,162

(a) Credit quality indicators are updated on an ongoing basis and reflect credit quality information as of the dates indicated.

(b) Our past due payment activity to regulatory classification conversion is as follows: pass = less than 90 days; and substandard = 90 days and greater plus nonperforming loans.

Summary of Allowance for Loan and Lease Losses

A summary of the changes in the ALLL for the periods indicated is presented in the table below:

	Three months ended March 31,
in millions	2015			2014
Balance at beginning of period — continuing operations	$	794		$	848
Charge-offs		(47	)		(57	)
Recoveries		19			37
Net loans and leases charged off		(28	)		(20	)
Provision for loan and lease losses from continuing operations		29			6
Foreign currency translation adjustment		(1	)		—
Balance at end of period — continuing operations	$	794		$	834

Changes in Allowance for Loan and Lease Losses by Loan Category

The changes in the ALLL by loan category for the periods indicated are as follows:

	December 31,										March 31,
in millions	2014		Provision			Charge-offs			Recoveries		2015
Commercial, financial and agricultural	$	391	$	21		$	(12	)	$	5	$	405
Real estate — commercial mortgage		148		—			(2	)		2		148
Real estate — construction		28		1			(1	)		—		28
Commercial lease financing		56		(3	)		(2	)		4		55
Total commercial loans		623		19			(17	)		11		636
Real estate — residential mortgage		23		—			(2	)		—		21
Home equity:
Key Community Bank		66		(3	)		(7	)		2		58
Other		5		—			(1	)		1		5
Total home equity loans		71		(3	)		(8	)		3		63
Consumer other — Key Community Bank		22		3			(6	)		2		21
Credit cards		33		7			(8	)		—		32
Consumer other:
Marine		21		1			(5	)		3		20
Other		1		1			(1	)		—		1
Total consumer other:		22		2			(6	)		3		21
Total consumer loans		171		9			(30	)		8		158
Total ALLL — continuing operations		794		28	(a)		(47	)		19		794
Discontinued operations		29		2			(10	)		4		25
Total ALLL — including discontinued operations	$	823	$	30		$	(57	)	$	23	$	819

(a) Includes $1 million of foreign currency translation adjustment. Excludes provision for losses on lending-related commitments of $6 million.

	December 31,										March 31,
in millions	2013		Provision			Charge-offs			Recoveries		2014
Commercial, financial and agricultural	$	362	$	13		$	(12	)	$	10	$	373
Real estate — commercial mortgage		165		(3	)		(2	)		1		161
Real estate — construction		32		(7	)		(2	)		14		37
Commercial lease financing		62		1			(3	)		2		62
Total commercial loans		621		4			(19	)		27		633
Real estate — residential mortgage		37		(8	)		(3	)		1		27
Home equity:
Key Community Bank		84		3			(10	)		3		80
Other		11		2			(3	)		1		11
Total home equity loans		95		5			(13	)		4		91
Consumer other — Key Community Bank		29		2			(8	)		2		25
Credit cards		34		4			(6	)		—		32
Consumer other:
Marine		29		(2	)		(7	)		3		23
Other		3		1			(1	)		—		3
Total consumer other:		32		(1	)		(8	)		3		26
Total consumer loans		227		2			(38	)		10		201
Total ALLL — continuing operations		848		6	(a)		(57	)		37		834
Discontinued operations		39		4			(13	)		4		34
Total ALLL — including discontinued operations	$	887	$	10		$	(70	)	$	41	$	868

(a) Excludes credit for losses on lending-related commitments of $2 million.

Allowance for Loan and Lease Losses and Corresponding Loan Balances

A breakdown of the individual and collective ALLL and the corresponding loan balances as of March 31, 2015, follows:

	Allowance						Outstanding
March 31, 2015 in millions	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Purchased Credit Impaired		Loans			Individually Evaluated for Impairment		Collectively Evaluated for Impairment			Purchased Credit Impaired
Commercial, financial and agricultural	$	20	$	385		—	$	28,783		$	82	$	28,701			—
Commercial real estate:
Commercial mortgage		2		146		—		8,162			20		8,142			—
Construction		—		28		—		1,142			7		1,135			—
Total commercial real estate loans		2		174		—		9,304			27		9,277			—
Commercial lease financing		—		55		—		4,064			—		4,064			—
Total commercial loans		22		614		—		42,151			109		42,042			—
Real estate — residential mortgage		5		15	$	1		2,231			55		2,165		$	11
Home equity:
Key Community Bank		16		42		—		10,270			111		10,158			1
Other		2		3		—		253			12		241			—
Total home equity loans		18		45		—		10,523			123		10,399			1
Consumer other — Key Community Bank		—		21		—		1,547			3		1,544			—
Credit cards		—		32		—		727			4		723			—
Consumer other:
Marine		4		16		—		730			42		688			—
Other		—		1		—		44			2		42			—
Total consumer other		4		17		—		774			44		730			—
Total consumer loans		27		130		1		15,802			229		15,561			12
Total ALLL — continuing operations		49		744		1		57,953			338		57,603			12
Discontinued operations		1		24		—		2,219	(a)		18		2,201	(a)		—
Total ALLL — including discontinued operations	$	50	$	768	$	1	$	60,172		$	356	$	59,804		$	12

(a) Amount includes $187 million of portfolio loans carried at fair value that are excluded from ALLL consideration.

A breakdown of the individual and collective ALLL and the corresponding loan balances as of December 31, 2014, follows:

	Allowance						Outstanding
December 31, 2014 in millions	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Purchased Credit Impaired		Loans			Individually Evaluated for Impairment		Collectively Evaluated for Impairment			Purchased Credit Impaired
Commercial, financial and agricultural	$	9	$	382		—	$	27,982		$	43	$	27,939			—
Commercial real estate:
Commercial mortgage		2		146		—		8,047			21		8,025		$	1
Construction		1		27		—		1,100			8		1,092			—
Total commercial real estate loans		3		173		—		9,147			29		9,117			1
Commercial lease financing		—		56		—		4,252			—		4,252			—
Total commercial loans		12		611		—		41,381			72		41,308			1
Real estate — residential mortgage		5		17	$	1		2,225			55		2,159			11
Home equity:
Key Community Bank		16		50		—		10,366			108		10,257			1
Other		2		3		—		267			12		255			—
Total home equity loans		18		53		—		10,633			120		10,512			1
Consumer other — Key Community Bank		—		22		—		1,560			4		1,556			—
Credit cards		—		33		—		754			4		750			—
Consumer other:
Marine		5		16		—		779			45		734			—
Other		—		1		—		49			2		47			—
Total consumer other		5		17		—		828			47		781			—
Total consumer loans		28		142		1		16,000			230		15,758			12
Total ALLL — continuing operations		40		753		1		57,381			302		57,066			13
Discontinued operations		1		28		—		2,295	(a)		17		2,278	(a)		—
Total ALLL — including discontinued operations	$	41	$	781	$	1	$	59,676		$	319	$	59,344		$	13

(a) Amount includes $191 million of loans carried at fair value that are excluded from ALLL consideration.

A breakdown of the individual and collective ALLL and the corresponding loan balances as of March 31, 2014, follows:

	Allowance						Outstanding
March 31, 2014 in millions	Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Purchased Credit Impaired		Loans			Individually Evaluated for Impairment		Collectively Evaluated for Impairment		Purchased Credit Impaired
Commercial, financial and agricultural	$	2	$	371		—	$	26,224		$	40	$	26,184		—
Commercial real estate:
Commercial mortgage		1		160		—		7,877			25		7,851	$	1
Construction		—		37		—		1,007			6		1,001		—
Total commercial real estate loans		1		197		—		8,884			31		8,852		1
Commercial lease financing		—		62		—		4,396			—		4,396		—
Total commercial loans		3		630		—		39,504			71		39,432		1
Real estate — residential mortgage		4		22	$	1		2,183			54		2,116		13
Home equity:
Key Community Bank		16		64		—		10,281			105		10,174		2
Other		2		9		—		315			13		302		—
Total home equity loans		18		73		—		10,596			118		10,476		2
Consumer other — Key Community Bank		—		25		—		1,436			4		1,432		—
Credit cards		1		31		—		698			4		694		—
Consumer other:
Marine		7		16		—		965			52		913		—
Other		1		2		—		63			1		62		—
Total consumer other		8		18		—		1,028			53		975		—
Total consumer loans		31		169		1		15,941			233		15,693		15
Total ALLL — continuing operations		34		799		1		55,445			304		55,125		16
Discontinued operations		1		33		—		4,382	(a)		15		4,367		—
Total ALLL — including discontinued operations	$	35	$	832	$	1	$	59,827		$	319	$	59,492	$	16

(a) Amount includes $2.0 billion of loans carried at fair value that are excluded from ALLL consideration.

Changes in Liability for Credit Losses on Lending Related Commitments

Changes in the liability for credit losses on unfunded lending-related commitments are summarized as follows:

	Three months ended March 31,
in millions	2015		2014
Balance at beginning of period	$	35	$	37
Provision (credit) for losses on lending-related commitments		6		(2	)
Balance at end of period	$	41	$	35