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Condensed Financial Information of the Parent Company - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income (loss) attributable to Key $ 967 $ 1,917 $ 2,625
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Deferred income taxes (benefit) (108) (27) 146
Stock-based compensation expense 121 120 104
Other operating activities, net 1,393 382 (615)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,903 4,469 1,153
INVESTING ACTIVITIES      
Net (increase) decrease in securities available for sale and in short-term and other investments (8,385) 8,578 5,184
Proceeds from sales, prepayments and maturities of securities available for sale 3,225 4,545 7,623
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 1,417 (10,934) (15,068)
FINANCING ACTIVITIES      
Net proceeds from issuance of long-term debt 5,240 16,596 1,203
Payments on long-term debt (5,052) (8,580) (2,566)
Repurchase of Treasury Shares 0 0 (585)
Cash dividends paid (911) (854) (823)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (4,266) 6,439 13,737
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS 54 (26) (178)
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR 887 913 1,091
CASH AND DUE FROM BANKS AT END OF YEAR 941 887 913
Key      
OPERATING ACTIVITIES      
Net income (loss) attributable to Key 967 1,917 2,625
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Deferred income taxes (benefit) (6) 6 (22)
Stock-based compensation expense 9 117 9
Equity in net (income) loss less dividends from subsidiaries (575) (1,521) (754)
Net (increase) decrease in other assets 44 23 13
Net increase (decrease) in other liabilities 3 (24) 48
Other operating activities, net 122 (480) (414)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 564 38 1,505
INVESTING ACTIVITIES      
Net (increase) decrease in securities available for sale and in short-term and other investments (14) (26) (15)
Proceeds from sales, prepayments and maturities of securities available for sale 0 0 0
Net (increase) decrease in loans to subsidiaries 16 (200) 0
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 2 (226) (15)
FINANCING ACTIVITIES      
Net proceeds from issuance of long-term debt 0 1,350 0
Payments on long-term debt 0 0 (997)
Repurchase of Treasury Shares (73) (44) (1,176)
Net cash from the issuance (redemption) of Common Shares and preferred stock 0 590 0
Cash dividends paid (912) (855) (823)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (985) 1,041 (2,996)
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS (419) 853 (1,506)
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR 3,146 2,293 3,799
CASH AND DUE FROM BANKS AT END OF YEAR $ 2,727 $ 3,146 $ 2,293