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Asset Quality (Tables)
 3 Months Ended
Mar. 31, 2022
Credit Loss [Abstract]  
Financing Receivable, Allowance for Credit Loss The changes in the ALLL by loan category for the periods indicated are as follows:
Three months ended March 31, 2022:
Dollars in millionsDecember 31, 2021ProvisionCharge-offsRecoveriesMarch 31, 2022
Commercial and Industrial $445 $63 $(30)$11 $489 
Commercial real estate:
Real estate — commercial mortgage182 (7)(4)1 172 
Real estate — construction29 (4)— — 25 
Total commercial real estate loans211 (11)(4)1 197 
Commercial lease financing32 1 (2)— 31 
Total commercial loans688 53 (36)12 717 
Real estate — residential mortgage95 12 1 — 108 
Home equity loans110 (6)(1)1 104 
Consumer direct loans105 11 (7)2 111 
Credit cards61 7 (7)2 63 
Consumer indirect loans2 — (1)1 2 
Total consumer loans373 24 (15)6 388 
Total ALLL — continuing operations1,061 77 
(a)
(51)18 1,105 
Discontinued operations28 1 (2)— 27 
Total ALLL — including discontinued operations$1,089 $78 $(53)$18 $1,132 
(a)Excludes a provision for losses on lending-related commitments of $6 million.

Three months ended March 31, 2021:
Dollars in millionsDecember 31, 2020ProvisionCharge-offsRecoveriesMarch 31, 2021
Commercial and Industrial $678 $(17)$(73)$8 $596 
Commercial real estate:
Real estate — commercial mortgage327 (37)(35)1 256 
Real estate — construction47 (2)— — 45 
Total commercial real estate loans374 (39)(35)1 301 
Commercial lease financing47 (4)(4)1 40 
Total commercial loans1,099 (60)(112)10 937 
Real estate — residential mortgage102 (3)— 1 100 
Home equity loans171 (13)(2)1 157 
Consumer direct loans128 4 (8)2 126 
Credit cards87 (3)(6)2 80 
Consumer indirect loans39 1 (7)5 38 
Total consumer loans527 (14)(23)11 501 
Total ALLL — continuing operations1,626 (74)
(a)
(135)21 1,438 
Discontinued operations36 (3)(1)1 33 
Total ALLL — including discontinued operations$1,662 $(77)$(136)$22 $1,471 
(a)Excludes a credit for losses on lending-related commitments of $19 million.
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 estateBBB corporate bond rate (spread), property and real estate price indices, and unemployment rate
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.
Financing Receivable Credit Quality Indicators
Credit Risk Profile by Creditworthiness Category and Vintage (a)
As of March 31, 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$1,952 $11,488 $4,372 $3,497 $2,515 $4,511 $22,623 $117 $51,075 
Criticized (Accruing)— 34 111 116 173 294 803 23 1,554 
Criticized (Nonaccruing)— 1 3 15 9 31 126 1 186 
Total commercial and industrial1,952 11,523 4,486 3,628 2,697 4,836 23,552 141 52,815 
Real estate — commercial mortgage
Risk Rating:
Pass1,474 4,805 1,153 2,045 994 3,185 850 59 14,565 
Criticized (Accruing)— 18 20 87 71 290 33 — 519 
Criticized (Nonaccruing)— — 1 1 5 29 3 1 40 
Total real estate — commercial mortgage
1,474 4,823 1,174 2,133 1,070 3,504 886 60 15,124 
Real estate — construction
Risk Rating:
Pass144 472 602 476 209 112 1 3 2,019 
Criticized (Accruing)— — 4 7 31 4 — — 46 
Criticized (Nonaccruing)— — — — — — — — — 
Total real estate — construction144 472 606 483 240 116 1 3 2,065 
Commercial lease financing
Risk Rating:
Pass159 985 693 619 262 1,131 — — 3,849 
Criticized (Accruing)— — 11 23 15 15 — — 64 
Criticized (Nonaccruing)— — — 1 1 1 — — 3 
Total commercial lease financing159 985 704 643 278 1,147 — 3,916 
Total commercial loans$3,729 $17,803 $6,970 $6,887 $4,285 $9,603 $24,439 $204 $73,920 

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 $117 million and $113 million as of March 31, 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 March 31, 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$1,351 $8,320 $2,802 $705 $74 $1,135 $— $— $14,387 
660 to 749437 1,235 299 140 32 302 — — 2,445 
Less than 66012 35 16 18 16 149 — — 246 
No Score50 19 — 1 1 31 1 — 103 
Total real estate — residential mortgage1,850 9,609 3,117 864 123 1,617 1 — 17,181 
Home equity loans
FICO Score:
750 and above96 1,073 797 233 87 731 2,209 404 5,630 
660 to 74940 356 239 97 39 221 940 135 2,067 
Less than 6603 29 26 20 12 100 320 44 554 
No Score— — 2 — — 2 3 — 7 
Total home equity loans139 1,458 1,064 350 138 1,054 3,472 583 8,258 
Consumer direct loans
FICO Score:
750 and above741 1,706 1,004 456 57 131 105 — 4,200 
660 to 749220 536 262 151 39 50 203 — 1,461 
Less than 6607 53 32 25 9 13 55 — 194 
No Score22 57 34 26 14 30 211 — 394 
Total consumer direct loans990 2,352 1,332 658 119 224 574 — 6,249 
Credit cards
FICO Score:
750 and above— — — — — — 467 — 467 
660 to 749— — — — — — 376 — 376 
Less than 660— — — — — — 86 — 86 
No Score— — — — — — 1 — 1 
Total credit cards— — — — — — 930 — 930 
Consumer indirect loans
FICO Score:
750 and above— 3 — — — 28 — — 31 
660 to 749— — — — — 21 — — 21 
Less than 660— — — — — 10 — — 10 
No Score— — — — — — — — — 
Total consumer indirect loans— 3 — — — 59 — — 62 
Total consumer loans$2,979 $13,422 $5,513 $1,872 $380 $2,954 $4,977 $583 $32,680 
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 $75 million and $85 million as of March 31, 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.
Past Due Loans Including Current Loans
The following aging analysis of past due and current loans as of March 31, 2022, and December 31, 2021, provides further information regarding Key’s credit exposure.

Aging Analysis of Loan Portfolio(a)
March 31, 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$52,537 $23 $31 $38 $186 $278 $52,815 
Commercial real estate:
Commercial mortgage15,072 4 5 3 40 52 15,124 
Construction2,064 1 — — — 1 2,065 
Total commercial real estate loans17,136 5 5 3 40 53 17,189 
Commercial lease financing3,908 4 1 — 3 8 3,916 
Total commercial loans$73,581 $32 $37 $41 $229 $339 $73,920 
Real estate — residential mortgage$17,098 $7 $2 $1 $73 $83 $17,181 
Home equity loans8,102 18 6 3 129 156 8,258 
Consumer direct loans6,229 8 4 4 4 20 6,249 
Credit cards914 4 3 6 3 16 930 
Consumer indirect loans60 1 — — 1 2 62 
Total consumer loans$32,403 $38 $15 $14 $210 $277 $32,680 
Total loans$105,984 $70 $52 $55 $439 $616 $106,600 
(a)Amounts in table represent amortized cost and exclude loans held for sale.
(b)Accrued interest of $193 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 $198 million presented in Other Assets on the Consolidated Balance Sheets is excluded from the amortized cost basis disclosed in this table.
(c)Net of unearned income, net of deferred fees and costs, and unamortized discounts and premiums.
Post-Modification Outstanding Recorded Investment by Concession Type for Our Commercial Accruing and Nonaccruing TDRs
The following table shows the post-modification outstanding recorded investment by concession type for our commercial and consumer accruing and nonaccruing TDRs that occurred during the periods indicated:
Three Months Ended March 31,
Dollars in millions20222021
Commercial loans:
Extension of Maturity Date$— $41 
Payment or Covenant Modification/Deferment1 10 
Bankruptcy Plan Modification— — 
Increase in new commitment or new money— — 
Total$1 $51 
Consumer loans:
Interest rate reduction$1 $2 
Other9 4 
Total$10 $6 
Total TDRs$11 $57 
Summary 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 March 31,
Dollars in millions20222021
Balance at beginning of the period$220 $363 
Additions11 59 
Payments(12)(21)
Charge-offs— (25)
Balance at end of period$219 $376 
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:
March 31, 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 industrial37 $25 $14 36 $30 $14 
Commercial real estate:
Commercial mortgage4 50 23 3 50 25 
Total commercial real estate loans4 50 23 3 50 25 
Total commercial loans41 75 37 39 80 39 
Real estate — residential mortgage223 27 25 220 26 24 
Home equity loans514 35 31 531 36 31 
Consumer direct loans208 2 2 207 3 2 
Credit cards332 2 2 360 2 2 
Consumer indirect loans22 2 1 23 1 1 
Total consumer loans1,299 68 61 1,341 68 60 
Total nonperforming TDRs1,340 143 98 1,380 148 99 
Prior-year accruing:(a)
Commercial and industrial13 — — 11 — — 
Commercial real estate
Commercial mortgage1 — — 1 — — 
Total commercial real estate loans1 — — 1 — — 
Total commercial loans14 — — 12 — — 
Real estate — residential mortgage463 41 35 455 39 33 
Home equity loans1,615 97 75 1,628 97 75 
Consumer direct loans226 4 3 236 5 3 
Credit cards599 4 2 579 4 2 
Consumer indirect loans128 14 7 139 15 8 
Total consumer loans3,031 160 122 3,037 160 121 
Total prior-year accruing TDRs3,045 160 121 3,049 160 121 
Total TDRs4,385 $303 $219 4,429 $308 $220 
(a)All TDRs that were restructured prior to January 1, 2022, and January 1, 2021, are fully accruing.
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 March 31,
Dollars in millions20222021
Balance at beginning of period$160 $197 
Provision (credit) for losses on off balance sheet exposures6 (19)
Balance at end of period$166 $178