DISCONTINUED OPERATIONS AND SIGNIFICANT DISPOSALS (Tables)

6 Months Ended

Jun. 30, 2014

Summarized financial information for Combined Results of Discontinued Operations

The following is summarized financial information for Credicard, CCA, Egg and previous Discontinued operations for which Citi continues to have minimal residual costs associated with the sales:



	Three Months Ended June 30,					Six Months Ended June 30,
In millions of dollars	2014			2013		2014		2013
Total revenues, net of interest expense⁽¹⁾	$	4		$	258	$	73	$	580
Income (loss) from discontinued operations	$	(3	)	$	51	$	37	$	(52	)
Gain (loss) on sale	—			—		—		56
Provision (benefit) for income taxes	19			21		22		7
Income (loss) from discontinued operations, net of taxes	$	(22	)	$	30	$	15	$	(3	)


(1)	Total revenues include gain or loss on sale, if applicable.

Cash Flows from Discontinued Operations



	Six Months Ended June 30,
In millions of dollars	2014		2013
Cash flows used in operating activities	$	—	$	(338	)
Cash flows from investing activities	—		282
Cash flows from financing activities	—		41
Net cash provided by discontinued operations	$	—	$	(15	)

Brazil Creditcard

Discontinued operations

Summarized financial information for Combined Results of Discontinued Operations

Summarized financial information for Discontinued operations for Credicard follows:



	Three Months Ended June 30,				Six Months Ended June 30,
In millions of dollars	2014		2013		2014		2013
Total revenues, net of interest expense⁽¹⁾	$	—	$	251	$	69	$	515
Income from discontinued operations	$	5	$	55	$	69	$	107
Income taxes	2		19		13		37
Income from discontinued operations, net of taxes	$	3	$	36	$	56	$	70


(1)	Total revenues include gain or loss on sale, if applicable.

Cash Flows from Discontinued Operations



	Six Months Ended June 30,
In millions of dollars	2014		2013
Cash flows from operating activities	$	—	$	(296	)
Cash flows from investing activities	—		282
Cash flows from financing activities	—		(1		)
Net cash provided by discontinued operations	$	—	$	(15	)

CCA business

Discontinued operations

Summarized financial information for Combined Results of Discontinued Operations

Summarized financial information for Discontinued operations for the operations related to CCA follows:



	Three Months Ended June 30,						Six Months Ended June 30,
In millions of dollars	2014			2013			2014			2013
Total revenues, net of interest expense⁽¹⁾	$	—		$	7		$	—		65
Loss from discontinued operations	$	(1	)	$	(3	)	$	(4	)	(131	)
Gain on sale	—			—			—			56
Benefit for income taxes	(1		)	(1		)	(2		)	(23	)
Loss from discontinued operations, net of taxes	$	—		$	(2	)	$	(2	)	(52	)


(1)	Total revenues include gain or loss on sale, if applicable.

Cash Flows from Discontinued Operations



	Six Months Ended June 30,
In millions of dollars	2014		2013
Cash flows from operating activities	$	—	$	(42	)
Cash flows from investing activities	—		—
Cash flows from financing activities	—		42
Net cash provided by discontinued operations	$	—	$	—

Egg Banking PLC

Discontinued operations

Summarized financial information for Combined Results of Discontinued Operations

Summarized financial information for Discontinued operations for the operations related to Egg follows:



	Three Months Ended June 30,						Six Months Ended June 30,
In millions of dollars	2014			2013			2014			2013
Total revenues, net of interest expense⁽¹⁾	$	4		$	—		$	4		$	—
Income (loss) from discontinued operations	$	(7	)	$	(1	)	$	(28	)	$	(28	)
(Benefit) provision for income taxes	(2		)	—			(9		)	(10		)
Loss from discontinued operations, net of taxes	$	(5	)	$	(1	)	$	(19	)	$	(18	)


(1)	Total revenues include gain or loss on sale, if applicable.

Cash flows from Discontinued operations related to Egg were not material for all periods presented.

Spain Consumer Business

Discontinued operations

Summarized financial information for Combined Results of Discontinued Operations



In millions of dollars	June 30, 2014
Assets
Cash and deposits with banks	$	61
Loans (net of allowance of $177 million)	1,804
Goodwill	116
Other assets	53
Total assets	$	2,034

Liabilities
Deposits	$	2,455
Other liabilities	84
Total liabilities	$	2,539



	Three Months Ended June 30,				Six Months Ended June 30,
In millions of dollars	2014		2013		2014		2013
Income before taxes	$	12	$	15	$	33	$	26

Greece Consumer Business

Discontinued operations

Summarized financial information for Combined Results of Discontinued Operations



In millions of dollars	June 30, 2014
Assets
Cash and deposits with banks	$	24
Loans (net of allowance of $204 million)	298
Other assets	8
Total assets	$	330

Liabilities
Deposits	$	1,280
Other liabilities	35
Total liabilities	$	1,315



	Three Months Ended June 30,		Six Months Ended June 30,
In millions of dollars	2014	2013	2014	2013
Income before taxes	$(25)	$(78)	$(40)	$(134)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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