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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 3 Months Ended
Mar. 31, 2015
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Changes in each component of Accumulated Other Comprehensive Income (Loss)
Changes in each component of Citigroup’s Accumulated other comprehensive income (loss) for the three months ended March 31, 2015 and 2014 are as follows:
In millions of dollars
Net
unrealized
gains (losses)
on investment securities
Cash flow hedges (1)
Benefit plans (2)
Foreign
currency
translation
adjustment,
net of hedges (CTA)(3)
Accumulated
other
comprehensive income (loss)
Balance, December 31, 2014
$
57

$
(909
)
$
(5,159
)
$
(17,205
)
$
(23,216
)
Other comprehensive income (losses) before reclassifications
$
742

$
32

$
(131
)
$
(2,062
)
$
(1,419
)
Increase (decrease) due to amounts reclassified from AOCI
(151
)
54

41

—

(56
)
Change, net of taxes
$
591

$
86

$
(90
)
$
(2,062
)
$
(1,475
)
Balance at March 31, 2015
$
648

$
(823
)
$
(5,249
)
$
(19,267
)
$
(24,691
)
In millions of dollars
Net
unrealized
gains (losses)
on investment securities
Cash flow hedges (1)
Benefit plans (2)
Foreign
currency
translation
adjustment,
net of hedges (CTA)(3)(4)
Accumulated
other
comprehensive income (loss)
Balance, December 31, 2013
$
(1,640
)
$
(1,245
)
$
(3,989
)
$
(12,259
)
$
(19,133
)
Other comprehensive income before reclassifications
$
378

$
46

$
(62
)
$
(526
)
$
(164
)
Increase (decrease) due to amounts reclassified from AOCI
50

72

29

—

151

Change, net of taxes
$
428

$
118

$
(33
)
$
(526
)
$
(13
)
Balance at March 31, 2014
$
(1,212
)
$
(1,127
)
$
(4,022
)
$
(12,785
)
$
(19,146
)

(1)
Primarily driven by Citigroup’s pay fixed/receive floating interest rate swap programs that hedge the floating rates on liabilities.
(2)
Primarily reflects adjustments based on the quarterly actuarial valuations of the Company’s significant pension and postretirement plans, annual actuarial valuations of all other plans, and amortization of amounts previously recognized in other comprehensive income.
(3)
Primarily reflects the movements in (by order of impact) the euro, Mexican peso, British pound, and Brazilian real against the U.S. dollar, and changes in related tax effects and hedges for the three months ended March 31, 2015. Primarily reflects the movements in (by order of impact) the Russian ruble, Argentine peso, Korean won, and Japanese yen against the U.S. dollar, and changes in related tax effects and hedges for the three months ended March 31, 2014.
(4)
During 2014, $137 million ($84 million net of tax) was reclassified to reflect the allocation of foreign currency translation between net unrealized gains (losses) on investment securities to CTA.

Schedule of pretax and after-tax changes in each component of Accumulated other comprehensive income (loss)
The pretax and after-tax changes in each component of Accumulated other comprehensive income (loss) for the three months ended March 31, 2015 and 2014 are as follows:
In millions of dollars
Pretax
Tax effect
After-tax
Balance, December 31, 2014
$
(31,060
)
$
7,844

$
(23,216
)
Change in net unrealized gains (losses) on investment securities
1,048

(457
)
591

Cash flow hedges
156

(70
)
86

Benefit plans
(121
)
31

(90
)
Foreign currency translation adjustment
(2,302
)
240

(2,062
)
Change
$
(1,219
)
$
(256
)
$
(1,475
)
Balance, March 31, 2015
$
(32,279
)
$
7,588

$
(24,691
)

In millions of dollars
Pretax
Tax effect
After-tax
Balance, December 31, 2013
$
(27,596
)
$
8,463

$
(19,133
)
Change in net unrealized gains (losses) on investment securities
703

(275
)
428

Cash flow hedges
181

(63
)
118

Benefit plans
(55
)
22

(33
)
Foreign currency translation adjustment
(530
)
4

(526
)
Change
$
299

$
(312
)
$
(13
)
Balance, March 31, 2014
$
(27,297
)
$
8,151

$
(19,146
)
Summary of amounts reclassified out of Accumulated other comprehensive income (loss) into the Consolidated Statement of income

During the three months ended March 31, 2015 and 2014, the Company recognized a pretax gain of $(85) million ($(56) million net of tax) and pretax loss of $237 million ($151 million net of tax), respectively, related to amounts reclassified out of Accumulated other comprehensive income (loss) into the Consolidated Statement of Income. See details in the table below:
 
Increase (decrease) in AOCI due to amounts reclassified to Consolidated Statement of Income
In millions of dollars
Three Months Ended March 31,
 
2015
2014
Realized (gains) losses on sales of investments
$
(307
)
$
(128
)
OTTI gross impairment losses
72

201

Subtotal, pretax
$
(235
)
$
73

Tax effect
84

(23
)
Net realized (gains) losses on investment securities, after-tax(1)
$
(151
)
$
50

Interest rate contracts
$
46

$
61

Foreign exchange contracts
40

56

Subtotal, pretax
$
86

$
117

Tax effect
(32
)
(45
)
Amortization of cash flow hedges, after-tax(2)
$
54

$
72

Amortization of unrecognized
 

Prior service cost (benefit)
$
(11
)
$
(9
)
Net actuarial loss
75

56

Subtotal, pretax
$
64

$
47

Tax effect
(23
)
(18
)
Amortization of benefit plans, after-tax(3)
$
41

$
29

Foreign currency translation adjustment
$
—

$
—

Total amounts reclassified out of AOCI, pretax
$
(85
)
$
237

Total tax effect
29

(86
)
Total amounts reclassified out of AOCI, after-tax
$
(56
)
$
151

(1)
The pretax amount is reclassified to Realized gains (losses) on sales of investments, net and Gross impairment losses on the Consolidated Statement of Income. See Note 13 to the Consolidated Financial Statements for additional details.
(2)
See Note 21 to the Consolidated Financial Statements for additional details.
(3)
See Notes 1 and 8 to the Consolidated Financial Statements for additional details.