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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
INTEREST INCOME        
Loans $ 1,576 $ 923 $ 3,052 $ 1,760
Loans held for sale 17 10 30 22
Securities available for sale 194 188 388 361
Held-to-maturity securities 81 48 155 94
Trading account assets 15 7 27 13
Short-term investments 111 13 153 17
Other investments 16 4 29 6
Total interest income 2,010 1,193 3,834 2,273
INTEREST EXPENSE        
Deposits 531 20 881 34
Federal funds purchased and securities sold under repurchase agreements 48 6 70 6
Bank notes and other short-term borrowings 104 9 182 12
Long-term debt 349 61 624 110
Total interest expense 1,032 96 1,757 162
NET INTEREST INCOME 978 1,097 2,077 2,111
Provision for credit losses 167 45 306 128
Net interest income after provision for credit losses 811 1,052 1,771 1,983
NONINTEREST INCOME        
Trust and investment services income 126 137 254 273
Investment banking and debt placement fees 120 149 265 312
Cards and payments income 85 85 166 165
Service charges on deposit accounts 69 96 136 187
Corporate services income 86 96 162 187
Commercial mortgage servicing fees 50 45 96 81
Corporate-owned life insurance income 32 35 61 66
Consumer mortgage income 14 14 25 35
Operating lease income and other leasing gains 23 28 48 60
Other income 4 3 4 (2)
Total noninterest income 609 688 1,217 1,364
NONINTEREST EXPENSE        
Personnel 622 607 1,323 1,237
Net occupancy 65 78 135 151
Computer processing 95 78 187 155
Business services and professional fees 41 52 86 105
Equipment 22 26 44 49
Operating lease expense 21 27 41 55
Marketing 29 34 50 62
Other expense 181 176 386 334
Total noninterest expense 1,076 1,078 2,252 2,148
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 344 662 736 1,199
Income taxes 58 132 139 222
INCOME (LOSS) FROM CONTINUING OPERATIONS 286 530 597 977
Income (loss) from discontinued operations 1 3 2 4
NET INCOME (LOSS) 287 533 599 981
Less: Net income (loss) attributable to noncontrolling interests 0 0 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 287 533 599 981
Income (loss) from continuing operations attributable to Key common shareholders 250 504 525 924
Net income (loss) attributable to Key common shareholders $ 251 $ 507 $ 527 $ 928
Per Common Share:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.27 $ 0.54 $ 0.57 $ 1.00
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [1] 0.27 0.55 0.57 1.00
Per Common Share — assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.27 0.54 0.56 0.99
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [1] $ 0.27 $ 0.54 $ 0.57 $ 1.00
Weighted-average Common Shares outstanding (in shares) 926,741 924,302 926,807 923,717
Effect of Common Share options and other stock awards (in shares) 3,713 7,506 5,513 9,087
Weighted-average Common Shares and potential Common Shares outstanding (in shares) [2] 930,454 931,808 932,320 932,805
[1] EPS may not foot due to rounding.
[2] Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.