Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings Per Common Share (Tables) [Abstract]

Basic and diluted earnings per common share

	Three months ended June 30,						Six months ended June 30,
dollars in millions, except per share amounts	2011			2010			2011			2010
EARNINGS
Income (loss) from continuing operations	$	252		$	101		$	534		$	60
Less: Net income (loss) attributable to noncontrolling interests		3			4			11			20
Income (loss) from continuing operations attributable to Key		249			97			523			40
Less: Dividends on Series A Preferred Stock		6			6			12			12
Cash dividends on Series B Preferred Stock		—			31			31			62
Amortization of discount on Series B Preferred Stock(b)		—			4			53			8
Income (loss) from continuing operations attributable to Key common shareholders		243			56			427			(42	)
Income (loss) from discontinued operations, net of taxes (a)		(9	)		(27	)		(20	)		(25	)
Net income (loss) attributable to Key common shareholders	$	234		$	29		$	407		$	(67	)
WEIGHTED-AVERAGE COMMON SHARES
Weighted-average common shares outstanding (000)		947,565			874,664			914,911			874,526
Effect of dilutive convertible preferred stock, common stock options and other stock awards (000)		4,568			—			5,251			—
Weighted-average common shares and potential common shares outstanding (000)		952,133			874,664			920,162			874,526
EARNINGS PER COMMON SHARE
Income (loss) from continuing operations attributable to Key common shareholders	$	.26		$	.06		$	.47		$	(.05	)
Income (loss) from discontinued operations, net of taxes (a)		(.01	)		(.03	)		(.02	)		(.03	)
Net income (loss) attributable to Key common shareholders(c)		.25			.03			.44			(.08	)
Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution	$	.26		$	.06		$	.46		$	(.05	)
Income (loss) from discontinued operations, net of taxes (a)		(.01	)		(.03	)		(.02	)		(.03	)
Net income (loss) attributable to Key common shareholders — assuming dilution (c)		.25			.03			.44			(.08	)

(a)	In September 2009, we decided to discontinue the education lending business conducted through Key Education Resources, the education payment and financing unit of KeyBank. In April 2009, we decided to wind down the operations of Austin, a subsidiary that specialized in managing hedge fund investments for institutional customers. As a result of these decisions, we have accounted for these businesses as discontinued operations. The loss from discontinued operations for the period ended June 30, 2011, was primarily attributable to fair value adjustments related to the education lending securitization trusts.
(b)	March 31, 2011 includes a $49 million deemed dividend.
(c)	EPS may not foot due to rounding.