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Basis of Presentation and Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
StandardDate of AdoptionDescriptionEffect on Financial Statements or
Other Significant Matters
ASU 2022-03, Fair Value Measurement -
Fair Value
Measurement of
Equity Securities
Subject to Contractual
Sale Restrictions
(Topic 820)
January 1, 2024

Early adoption is
permitted.
The amendments clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and is not considered in measuring fair value.

Entities cannot, as a separate unit of account, recognize and measure a contractual sale restriction.

The amendments require disclosures for equity securities subject to contractual restrictions including; the fair value of equity securities subject to contractual sale restrictions reflected in the balance sheet, the nature and remaining duration of the restriction(s) and the circumstances that could cause a lapse in the restriction(s).

The guidance should be applied prospectively with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption.
The guidance did not have any impact on Key’s financial condition or results of operations.