v3.26.1
Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities Information
The assets and liabilities presented in the table below convey the size of KCDC’s direct and indirect investments at March 31, 2026, and December 31, 2025. As these investments represent unconsolidated VIEs, the assets and liabilities of the investments themselves are not recorded on our Consolidated Balance Sheets. Additional information pertaining to our LIHTC investments is included in Note 12 (“Variable Interest Entities”) beginning on page 151 of our 2025 Form 10-K.
 Unconsolidated VIEs
Dollars in millions
Total
Assets
Total
Liabilities
Maximum
Exposure to Loss
March 31, 2026
LIHTC investments$9,635 $4,252 $2,853 
December 31, 2025
LIHTC investments$11,212 $5,026 $2,913 
The table below reflects the size of the private equity funds in which we were invested as well as our maximum exposure to loss in connection with these investments at March 31, 2026, and December 31, 2025.
 Unconsolidated VIEs
Dollars in millions
Total
Assets
Total
Liabilities
Maximum
Exposure to Loss
March 31, 2026
Indirect investments$1,721 $1 $9 
December 31, 2025
Indirect investments$1,858 $$10 
Other unconsolidated VIEs
Dollars in millionsTotal AssetsTotal Liabilities
March 31, 2026
Other unconsolidated VIEs$477 $ 
December 31, 2025
Other unconsolidated VIEs$508 $—