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BUSINESS SEGMENTS
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
Citigroup is a diversified bank holding company whose businesses provide a broad range of financial services to consumer and corporate customers around the world. The Company’s activities are conducted through the Global Consumer Banking (GCB), Institutional Clients Group (ICG), Corporate/Other and Citi Holdings business segments.
The GCB segment includes a global, full-service consumer franchise delivering a wide array of banking, credit card lending and investment services through a network of local branches, offices and electronic delivery systems and is composed of four GCB businesses: North America, EMEA, Latin America and Asia.
The Company’s ICG segment is composed of Banking and Markets and securities services and provides corporate, institutional, public sector and high-net-worth clients in approximately 100 countries with a broad range of banking and financial products and services.
Corporate/Other includes net treasury results, unallocated corporate expenses, offsets to certain line-item reclassifications and eliminations, the results of discontinued operations and unallocated taxes.
The Citi Holdings segment is composed of businesses and portfolios of assets that Citigroup has determined are not central to its core Citicorp businesses.
The accounting policies of these reportable segments are the same as those disclosed in Note 1 to the Consolidated Financial Statements in Citi’s 2013 Annual Report on Form 10-K.
The prior-period balances reflect reclassifications to conform the presentation in those periods to the current period’s presentation. Effective January 1, 2014, certain business activities within the former Securities and Banking and Transaction Services were realigned and aggregated as Banking and Markets and securities services within ICG. This change was due to the realignment of the management structure within the ICG segment and did not have an impact any total segment-level information. In addition, during the first quarter of 2014, reclassifications were made related to Citi’s re-allocation of certain administrative, operations and technology costs among Citi’s businesses, the allocation of certain costs from the Corporate/Other segment to Citi’s businesses as well as certain immaterial reclassifications between revenues and expenses affecting ICG.
The following table presents certain information regarding the Company’s continuing operations by segment:
 
Revenues,
net of interest expense (1)
Provision (benefits)
for income taxes
Income (loss) from
continuing operations (2)
Identifiable assets
 
Three Months Ended September 30,
 
 
In millions of dollars, except identifiable assets in billions
2014
2013
2014
2013
2014
2013
September 30,
2014
December 31,
2013
Global Consumer Banking
$
9,637

$
9,232

$
1,004

$
797

$
1,937

$
1,535

$
401

$
405

Institutional Clients Group
8,371

7,372

1,019

605

2,333

1,740

1,047

1,045

Corporate/Other
8

42

(136
)
(184
)
(1,598
)
20

332

313

Total Citicorp
$
18,016

$
16,646

$
1,887

$
1,218

$
2,672

$
3,295

$
1,780

$
1,763

Citi Holdings
1,588

1,258

98

(138
)
242

(109
)
103

117

Total
$
19,604

$
17,904

$
1,985

$
1,080

$
2,914

$
3,186

$
1,883

$
1,880

 
Revenues,
net of interest expense (1)
Provision (benefits)
for income taxes
Income (loss) from
continuing operations (2)
 
Nine Months Ended September 30,
In millions of dollars
2014
2013
2014
2013
2014
2013
Global Consumer Banking
$
28,311

$
28,696

$
2,578

$
2,687

$
5,269

$
5,222

Institutional Clients Group
26,068

26,523

3,389

3,430

7,860

7,946

Corporate/Other
184

162

(146
)
(304
)
(2,488
)
(374
)
Total Citicorp
$
54,563

$
55,381

$
5,821

$
5,813

$
10,641

$
12,794

Citi Holdings
4,507

3,259

52

(1,036
)
(3,523
)
(1,489
)
Total
$
59,070

$
58,640

$
5,873

$
4,777

$
7,118

$
11,305

(1)  
Includes Citicorp (excluding Corporate/Other) total revenues, net of interest expense, in North America of $8.1 billion and $7.1 billion; in EMEA of $2.6 billion and $2.5 billion; in Latin America of $3.4 billion and $3.4 billion; and in Asia of $3.9 billion and $3.6 billion for the three months ended September 30, 2014 and 2013, respectively. Includes Citicorp (excluding Corporate/Other) total revenues, net of interest expense, in North America of $24.5 billion and $24.1 billion; in EMEA of $8.5 billion and $9.1 billion; in Latin America of $10.2 billion and $10.5 billion; and in Asia of $11.2 billion and $11.5 billion for the nine months ended September 30, 2014 and 2013, respectively. Regional numbers exclude Citi Holdings and Corporate/Other, which largely operate within the U.S.
(2)  
Includes pretax provisions (credits) for credit losses and for benefits and claims in the GCB results of $1.4 billion and $1.7 billion; in the ICG results of $(21) million and $139 million; and in Citi Holdings results of $0.4 billion and $0.1 billion for the three months ended September 30, 2014 and 2013, respectively.     Includes pretax provisions (credits) for credit losses and for benefits and claims in the GCB results of $4.5 billion and $5.0 billion; in the ICG results of $(106) million and $174 million; and in Citi Holdings results of $1.0 billion and $1.3 billion for the nine months ended September 30, 2014 and 2013, respectively.