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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME    
Loans $ 889 $ 1,026
Loans held for sale 11 19
Securities available for sale 130 129
Held-to-maturity securities 45 62
Trading account assets 5 8
Short-term investments 5 6
Other investments 2 1
Total interest income 1,087 1,251
INTEREST EXPENSE    
Deposits 21 169
Federal funds purchased and securities sold under repurchase agreements 0 6
Bank notes and other short-term borrowings 1 5
Long-term debt 60 90
Total interest expense 82 270
NET INTEREST INCOME 1,005 981
Provision for credit losses (93) 359
Net interest income after provision for credit losses 1,098 622
NONINTEREST INCOME    
Trust and investment services income 133 133
Investment banking and debt placement fees 162 116
Service charges on deposit accounts 73 84
Operating lease income and other leasing gains 38 30
Corporate services income 64 62
Cards and payments income 105 66
Corporate-owned life insurance income 31 36
Consumer mortgage income 47 20
Commercial mortgage servicing fees 34 18
Other income [1] 51 (88)
Total noninterest income 738 477
NONINTEREST EXPENSE    
Personnel 624 515
Net occupancy 76 76
Computer processing 73 55
Business services and professional fees 50 44
Equipment 25 24
Operating lease expense 34 36
Marketing 26 21
Intangible asset amortization 15 17
Other expense 148 143
Total noninterest expense 1,071 931
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 765 168
Income taxes 147 23
INCOME (LOSS) FROM CONTINUING OPERATIONS 618 145
Income (loss) from discontinued operations 4 1
NET INCOME (LOSS) 622 146
Less: Net income (loss) attributable to noncontrolling interests 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO KEY 622 146
Income (loss) from continuing operations attributable to Key common shareholders 591 118
Net income (loss) attributable to Key common shareholders $ 595 $ 119
Per Common Share:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.61 $ 0.12
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.62 0.12
Per Common Share — assuming dilution:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.61 0.12
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [2] 0.61 0.12
Cash dividends declared per common share (in usd per share) $ 0.185 $ 0.185
Weighted-average common shares outstanding (000) (in shares) 964,878 967,446
Effect of common share options and other stock awards (in shares) 9,419 8,664
Weighted-average common shares and potential common shares outstanding (in shares) [3] 974,297 976,110
[1] For the three months ended March 31, 2021, net securities gains (losses) totaled less than $1 million for the three months ended March 31, 2020, net securities gains (losses) totaled $4 million. For the three months ended March 31, 2021, and March 31, 2020, we did not have any impairment losses related to securities.
[2] EPS may not foot due to rounding.
[3] Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.