XML 209 R10.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES      
Net income (loss) $ 907us-gaap_ProfitLoss $ 910us-gaap_ProfitLoss $ 865us-gaap_ProfitLoss
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Provision (credit) for loan and lease losses 59us-gaap_ProvisionForLoanAndLeaseLosses 130us-gaap_ProvisionForLoanAndLeaseLosses 229us-gaap_ProvisionForLoanAndLeaseLosses
Provision (credit) for losses on lending-related commitments (2)us-gaap_ProvisionForOtherCreditLosses 8us-gaap_ProvisionForOtherCreditLosses (16)us-gaap_ProvisionForOtherCreditLosses
Provision (credit) for losses on LIHTC guaranteed funds (7)key_ProvisionForLossesOnLowIncomeHousingTaxCreditGuaranteedFunds 4key_ProvisionForLossesOnLowIncomeHousingTaxCreditGuaranteedFunds  
Depreciation, amortization and accretion expense, net 227us-gaap_DepreciationAmortizationAndAccretionNet 220us-gaap_DepreciationAmortizationAndAccretionNet 235us-gaap_DepreciationAmortizationAndAccretionNet
Increase in cash surrender value of corporate-owned life insurance (106)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (106)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue (110)us-gaap_LifeInsuranceCorporateOrBankOwnedChangeInValue
Stock-based compensation expense 44us-gaap_ShareBasedCompensation 35us-gaap_ShareBasedCompensation 49us-gaap_ShareBasedCompensation
FDIC reimbursement (payments), net of FDIC expense 1key_FdicReimbursementsPaymentsNetOfExpenses 296key_FdicReimbursementsPaymentsNetOfExpenses 26key_FdicReimbursementsPaymentsNetOfExpenses
Deferred income taxes (benefit) 5us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 29us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 35us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Proceeds from sales of loans held for sale 5,386us-gaap_ProceedsFromSaleOfLoansHeldForSale 5,595us-gaap_ProceedsFromSaleOfLoansHeldForSale 5,535us-gaap_ProceedsFromSaleOfLoansHeldForSale
Originations of loans held for sale, net of repayments (5,415)key_OriginationsOfLoansHeldForSaleNetOfRepayments (5,440)key_OriginationsOfLoansHeldForSaleNetOfRepayments (5,189)key_OriginationsOfLoansHeldForSaleNetOfRepayments
Net losses (gains) from sale of loans held for sale (97)us-gaap_GainLossOnSalesOfLoansNet (115)us-gaap_GainLossOnSalesOfLoansNet (144)us-gaap_GainLossOnSalesOfLoansNet
Net losses (gains) from principal investing (78)us-gaap_PrincipalInvestmentGainsLosses (52)us-gaap_PrincipalInvestmentGainsLosses (72)us-gaap_PrincipalInvestmentGainsLosses
Net losses (gains) and writedown on OREO 3us-gaap_OtherRealEstateValuationAdjustments 6us-gaap_OtherRealEstateValuationAdjustments 13us-gaap_OtherRealEstateValuationAdjustments
Net losses (gains) on leased equipment (35)key_GainsLossesOnLeasedEquipment (43)key_GainsLossesOnLeasedEquipment (111)key_GainsLossesOnLeasedEquipment
Net losses (gains) on sales of fixed assets 7us-gaap_GainLossOnDispositionOfAssets 12us-gaap_GainLossOnDispositionOfAssets 2us-gaap_GainLossOnDispositionOfAssets
Net securities losses (gains)   (1)us-gaap_GainLossOnSaleOfSecuritiesNet  
Gain on sale of Victory (10)us-gaap_GainLossOnSaleOfInvestments (146)us-gaap_GainLossOnSaleOfInvestments  
Loss on sale of residual interests and deconsolidation of securitization trusts 40us-gaap_GainLossOnSalesOfConsumerLoans    
Net decrease (increase) in trading account assets (12)us-gaap_IncreaseDecreaseInTradingSecurities (133)us-gaap_IncreaseDecreaseInTradingSecurities 18us-gaap_IncreaseDecreaseInTradingSecurities
Other operating activities, net 403us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 338us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (66)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 1,320us-gaap_NetCashProvidedByUsedInOperatingActivities 1,547us-gaap_NetCashProvidedByUsedInOperatingActivities 1,299us-gaap_NetCashProvidedByUsedInOperatingActivities
INVESTING ACTIVITIES      
Cash received (used) in acquisitions, net of cash acquired (114)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 601us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 776us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from sale of residual interests 57us-gaap_ProceedsFromSecuritizationsOfConsumerLoans    
Proceeds from sale of Victory 10us-gaap_ProceedsFromSaleOfInvestmentProjects 131us-gaap_ProceedsFromSaleOfInvestmentProjects  
Net decrease (increase) in short-term investments, excluding acquisitions 1,358key_NetDecreaseInShortTermInvestments (1,650)key_NetDecreaseInShortTermInvestments (421)key_NetDecreaseInShortTermInvestments
Purchases of securities available for sale (3,797)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (5,222)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (1,772)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Proceeds from sales of securities available for sale   35us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 1us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Proceeds from prepayments and maturities of securities available for sale 2,860us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 4,470us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 5,551us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Proceeds from prepayments and maturities of held-to-maturity securities 850us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 847us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 660us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Purchases of held-to-maturity securities (1,109)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (1,672)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (2,481)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Purchases of other investments (49)us-gaap_PaymentsToAcquireOtherInvestments (46)us-gaap_PaymentsToAcquireOtherInvestments (66)us-gaap_PaymentsToAcquireOtherInvestments
Proceeds from sales of other investments 334us-gaap_ProceedsFromSaleOfOtherInvestments 187us-gaap_ProceedsFromSaleOfOtherInvestments 28us-gaap_ProceedsFromSaleOfOtherInvestments
Proceeds from prepayments and maturities of other investments 4us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments 6us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments 197us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments
Net decrease (increase) in loans, excluding acquisitions, sales and transfers (3,296)key_NetDecreaseIncreaseInLoansExcludingAcquisitionsSalesAndTransfers (2,026)key_NetDecreaseIncreaseInLoansExcludingAcquisitionsSalesAndTransfers (2,935)key_NetDecreaseIncreaseInLoansExcludingAcquisitionsSalesAndTransfers
Proceeds from sales of portfolio loans 120us-gaap_ProceedsFromSaleOfLoansHeldForInvestment 185us-gaap_ProceedsFromSaleOfLoansHeldForInvestment 277us-gaap_ProceedsFromSaleOfLoansHeldForInvestment
Proceeds from corporate-owned life insurance 35us-gaap_ProceedsFromLifeInsurancePolicies 31us-gaap_ProceedsFromLifeInsurancePolicies 33us-gaap_ProceedsFromLifeInsurancePolicies
Purchases of premises, equipment, and software (97)us-gaap_PaymentsToAcquireProductiveAssets (100)us-gaap_PaymentsToAcquireProductiveAssets (164)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from sales of premises and equipment 1us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 8us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 1us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Proceeds from sales of other real estate owned 17us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans 23us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans 67us-gaap_ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (2,816)us-gaap_NetCashProvidedByUsedInInvestingActivities (4,192)us-gaap_NetCashProvidedByUsedInInvestingActivities (248)us-gaap_NetCashProvidedByUsedInInvestingActivities
FINANCING ACTIVITIES      
Net increase (decrease) in deposits, excluding acquisitions 2,736us-gaap_IncreaseDecreaseInDeposits 2,333us-gaap_IncreaseDecreaseInDeposits 1,989us-gaap_IncreaseDecreaseInDeposits
Net increase (decrease) in short-term borrowings (879)us-gaap_ProceedsFromRepaymentsOfShortTermDebt (18)us-gaap_ProceedsFromRepaymentsOfShortTermDebt (152)us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Net proceeds from issuance of long-term debt 1,727us-gaap_ProceedsFromIssuanceOfLongTermDebt 2,573us-gaap_ProceedsFromIssuanceOfLongTermDebt 837us-gaap_ProceedsFromIssuanceOfLongTermDebt
Payments on long-term debt (1,355)us-gaap_RepaymentsOfLongTermDebt (1,545)us-gaap_RepaymentsOfLongTermDebt (3,394)us-gaap_RepaymentsOfLongTermDebt
Repurchase of common shares (484)us-gaap_PaymentsForRepurchaseOfCommonStock (474)us-gaap_PaymentsForRepurchaseOfCommonStock (251)us-gaap_PaymentsForRepurchaseOfCommonStock
Net proceeds from reissuance of common shares 27us-gaap_ProceedsFromIssuanceOfCommonStock 26us-gaap_ProceedsFromIssuanceOfCommonStock 2us-gaap_ProceedsFromIssuanceOfCommonStock
Cash dividends paid (240)us-gaap_PaymentsOfDividends (217)us-gaap_PaymentsOfDividends (191)us-gaap_PaymentsOfDividends
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 1,532us-gaap_NetCashProvidedByUsedInFinancingActivities 2,678us-gaap_NetCashProvidedByUsedInFinancingActivities (1,160)us-gaap_NetCashProvidedByUsedInFinancingActivities
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 36us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 33us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (109)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR 617us-gaap_CashAndDueFromBanks 584us-gaap_CashAndDueFromBanks 693us-gaap_CashAndDueFromBanks
CASH AND DUE FROM BANKS AT END OF YEAR 653us-gaap_CashAndDueFromBanks 617us-gaap_CashAndDueFromBanks 584us-gaap_CashAndDueFromBanks
Additional disclosures relative to cash flows:      
Interest paid 281us-gaap_InterestPaidNet 293us-gaap_InterestPaidNet 464us-gaap_InterestPaidNet
Income taxes paid (refunded) 131us-gaap_IncomeTaxesPaidNet 185us-gaap_IncomeTaxesPaidNet 84us-gaap_IncomeTaxesPaidNet
Noncash items:      
Assets acquired 41us-gaap_FairValueOfAssetsAcquired 41us-gaap_FairValueOfAssetsAcquired 1,283us-gaap_FairValueOfAssetsAcquired
Liabilities assumed 17us-gaap_LiabilitiesAssumed1   2,059us-gaap_LiabilitiesAssumed1
Reduction of secured borrowing and related collateral 152key_ReductionOfSecuredBorrowingAndRelatedCollateral    
LIHTC guaranteed funds put 7key_LowIncomeHousingTaxCreditGuaranteedFunds    
Loans transferred to portfolio from held for sale 19us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1 9us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1 41us-gaap_TransferOfLoansHeldForSaleToPortfolioLoans1
Loans transferred to held for sale from portfolio 16us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 61us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 118us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
Loans transferred to other real estate owned $ 23us-gaap_TransferOfOtherRealEstate $ 21us-gaap_TransferOfOtherRealEstate $ 38us-gaap_TransferOfOtherRealEstate