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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST INCOME      
Loans $ 3,532 $ 3,866 $ 4,267
Loans held for sale 50 69 63
Securities available for sale 546 484 537
Held-to-maturity securities 185 222 262
Trading account assets 19 20 32
Short-term investments 28 18 61
Other investments 7 6 13
Total interest income 4,367 4,685 5,235
INTEREST EXPENSE      
Deposits 67 347 853
Federal funds purchased and securities sold under repurchase agreements 0 6 2
Bank notes and other short-term borrowings 8 12 17
Long-term debt 221 286 454
Total interest expense 296 651 1,326
NET INTEREST INCOME 4,071 4,034 3,909
Provision for credit losses (418) 1,021 445
Net interest income after provision for credit losses 4,489 3,013 3,464
NONINTEREST INCOME      
Trust and investment services income 530 507 475
Investment banking and debt placement fees 937 661 630
Service charges on deposit accounts 337 311 337
Operating lease income and other leasing gains 148 167 162
Corporate services income 261 228 236
Cards and payments income 415 368 275
Corporate-owned life insurance income 128 139 136
Consumer mortgage income 131 176 63
Commercial mortgage servicing fees 160 80 77
Other income [1] 147 15 68
Total noninterest income 3,194 2,652 2,459
NONINTEREST EXPENSE      
Personnel 2,561 2,336 2,250
Net occupancy 300 298 293
Computer processing 284 232 214
Business services and professional fees 227 196 186
Equipment 100 100 100
Operating lease expense 126 138 123
Marketing 126 97 96
Intangible asset amortization 58 65 89
Other expense 647 647 550
Total noninterest expense 4,429 4,109 3,901
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 3,254 1,556 2,022
Income taxes 642 227 314
INCOME (LOSS) FROM CONTINUING OPERATIONS 2,612 1,329 1,708
Income (loss) from discontinued operations 13 14 9
NET INCOME (LOSS) 2,625 1,343 1,717
Less: Net income (loss) attributable to noncontrolling interests 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 2,625 1,343 1,717
Income (loss) from continuing operations attributable to Key common shareholders 2,506 1,223 1,611
Net income (loss) attributable to Key common shareholders $ 2,519 $ 1,237 $ 1,620
Per Common Share:      
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share) $ 2.64 $ 1.26 $ 1.62
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0.01 0.01 0.01
Net income (loss) attributable to Key common shareholders (in dollars per share) [2] 2.65 1.28 1.63
Per Common Share — assuming dilution:      
Income (loss) from continuing operations attributable to Key common shareholders (in dollars per share) 2.62 1.26 1.61
Income (loss) from discontinued operations, net of taxes (in dollars per share) 0.01 0.01 0.01
Net income (loss) attributable to Key common shareholders (in dollars per share) [2] $ 2.63 $ 1.27 $ 1.62
Weighted-average common shares outstanding (in shares) 947,065 967,783 992,091
Effect of convertible preferred stock (in shares) 0 0 0
Effect of common share options and other stock awards (in shares) 10,349 7,024 10,163
Weighted-average common shares and potential common shares outstanding (in shares) [3] 957,414 974,807 1,002,254
[1] Net securities gains (losses) totaled $7 million for the year ended December 31, 2021, $4 million for the year ended December 31, 2020, and $20 million for the year ended December 31, 2019. For 2021, 2020, and 2019, we did not have any impairment losses related to securities.
[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.