XML 95 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENT OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues      
Interest revenue $ 61,683us-gaap_InterestAndDividendIncomeOperating [1] $ 62,970us-gaap_InterestAndDividendIncomeOperating [1] $ 67,298us-gaap_InterestAndDividendIncomeOperating [1]
Interest expense 13,690us-gaap_InterestExpense [1] 16,177us-gaap_InterestExpense [1] 20,612us-gaap_InterestExpense [1]
Net interest revenue 47,993us-gaap_InterestIncomeExpenseNet [1] 46,793us-gaap_InterestIncomeExpenseNet [1] 46,686us-gaap_InterestIncomeExpenseNet [1]
Commissions and fees 13,032us-gaap_FeesAndCommissions 12,941us-gaap_FeesAndCommissions 12,584us-gaap_FeesAndCommissions
Principal transactions 6,698us-gaap_PrincipalTransactionsRevenue 7,302us-gaap_PrincipalTransactionsRevenue 4,980us-gaap_PrincipalTransactionsRevenue
Administration and other fiduciary fees 4,013us-gaap_RevenueOtherFinancialServices 4,089us-gaap_RevenueOtherFinancialServices 4,012us-gaap_RevenueOtherFinancialServices
Realized gains on sales of investments, net 570us-gaap_RealizedGainLossOnMarketableSecuritiesAndCostMethodInvestmentsExcludingOtherThanTemporaryImpairmentsAndOtherInvestments 748us-gaap_RealizedGainLossOnMarketableSecuritiesAndCostMethodInvestmentsExcludingOtherThanTemporaryImpairmentsAndOtherInvestments 3,251us-gaap_RealizedGainLossOnMarketableSecuritiesAndCostMethodInvestmentsExcludingOtherThanTemporaryImpairmentsAndOtherInvestments
Other-than-temporary impairment losses on investments      
Gross impairment losses (432)c_ImpairmentOfInvestmentsAndEquityMethodInvestmentOtherThanTemporaryImpairment (633)c_ImpairmentOfInvestmentsAndEquityMethodInvestmentOtherThanTemporaryImpairment (5,037)c_ImpairmentOfInvestmentsAndEquityMethodInvestmentOtherThanTemporaryImpairment [1]
Less: Impairments recognized in AOCI 8us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest 98us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest 66us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
Net impairment losses recognized in earnings (424)c_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAndEquityMethodInvestmentOtherThanTemporaryImpairment (535)c_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAndEquityMethodInvestmentOtherThanTemporaryImpairment (4,971)c_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAndEquityMethodInvestmentOtherThanTemporaryImpairment
Insurance premiums 2,110us-gaap_PremiumsEarnedNet 2,280us-gaap_PremiumsEarnedNet 2,395us-gaap_PremiumsEarnedNet
Other revenue 3,227us-gaap_OtherNonoperatingIncomeExpense 3,106us-gaap_OtherNonoperatingIncomeExpense 593us-gaap_OtherNonoperatingIncomeExpense [2]
Total non-interest revenues 29,226us-gaap_NoninterestIncome 29,931us-gaap_NoninterestIncome 22,844us-gaap_NoninterestIncome
Total revenues, net of interest expense 77,219us-gaap_Revenues [1] 76,724us-gaap_Revenues [1] 69,530us-gaap_Revenues
Provisions for credit losses and for benefits and claims      
Provision for loan losses 6,828us-gaap_ProvisionForLoanLossesExpensed 7,604us-gaap_ProvisionForLoanLossesExpensed 10,458us-gaap_ProvisionForLoanLossesExpensed
Policyholder benefits and claims 801us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 830us-gaap_PolicyholderBenefitsAndClaimsIncurredNet 887us-gaap_PolicyholderBenefitsAndClaimsIncurredNet
Provision (release) for unfunded lending commitments (162)c_ProvisionChargedOrReleaseForUnfundedLendingCommitmentsOtherNet 80c_ProvisionChargedOrReleaseForUnfundedLendingCommitmentsOtherNet (16)c_ProvisionChargedOrReleaseForUnfundedLendingCommitmentsOtherNet
Total provisions for credit losses and for benefits and claims 7,467us-gaap_ProvisionForLoanLeaseAndOtherLosses 8,514us-gaap_ProvisionForLoanLeaseAndOtherLosses 11,329us-gaap_ProvisionForLoanLeaseAndOtherLosses
Operating expenses      
Compensation and benefits 23,959us-gaap_LaborAndRelatedExpense [1] 23,967us-gaap_LaborAndRelatedExpense [1] 25,119us-gaap_LaborAndRelatedExpense [1]
Premises and equipment 3,178us-gaap_OccupancyNet [1] 3,165us-gaap_OccupancyNet [1] 3,266us-gaap_OccupancyNet [1]
Technology/communication 6,436us-gaap_CommunicationsAndInformationTechnology [1] 6,136us-gaap_CommunicationsAndInformationTechnology [1] 5,829us-gaap_CommunicationsAndInformationTechnology [1]
Advertising and marketing 1,844us-gaap_MarketingAndAdvertisingExpense [1] 1,888us-gaap_MarketingAndAdvertisingExpense [1] 2,164us-gaap_MarketingAndAdvertisingExpense [1]
Other operating 19,634us-gaap_OtherNoninterestExpense [1] 13,252us-gaap_OtherNoninterestExpense [1] 13,658us-gaap_OtherNoninterestExpense [1]
Total operating expenses 55,051us-gaap_OperatingExpenses [1] 48,408us-gaap_OperatingExpenses [1] 50,036us-gaap_OperatingExpenses [1]
Income from continuing operations before income taxes 14,701us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 19,802us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 8,165us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 7,197us-gaap_IncomeTaxExpenseBenefit 6,186us-gaap_IncomeTaxExpenseBenefit 397us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 7,504us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 13,616us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 7,768us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Discontinued operations      
Income (loss) from discontinued operations 10us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax (242)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax (109)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
Gain on sale 0us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax 268us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax (1)us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
Provision (benefit) for income taxes 12us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation (244)us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation (52)us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation
Income (loss) from discontinued operations, net of taxes (2)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 270us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (58)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net income before attribution of noncontrolling interests 7,502us-gaap_ProfitLoss 13,886us-gaap_ProfitLoss 7,710us-gaap_ProfitLoss
Noncontrolling interests 192us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 227us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 219us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Citigroup’s net income $ 7,310us-gaap_NetIncomeLoss $ 13,659us-gaap_NetIncomeLoss $ 7,491us-gaap_NetIncomeLoss
Basic earnings per share      
Income from continuing operations (in dollars per share) $ 2.21us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2] $ 4.26us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2] $ 2.51us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2]
Income (loss) from discontinued operations, net of taxes (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [2] $ 0.09us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [2] $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [2]
Net income (in dollars per share) $ 2.21us-gaap_EarningsPerShareBasic [2] $ 4.35us-gaap_EarningsPerShareBasic [2] $ 2.49us-gaap_EarningsPerShareBasic [2]
Weighted average common shares outstanding (in shares) 3,031.6us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 3,035.8us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,930.6us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted earnings per share      
Income from continuing operations (in dollars per share) $ 2.20us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2] $ 4.25us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2] $ 2.44us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2]
Income (loss) from discontinued operations, net of taxes (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [2] $ 0.09us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [2] $ (0.02)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [2]
Net income (in dollars per share) $ 2.20us-gaap_EarningsPerShareDiluted [2] $ 4.34us-gaap_EarningsPerShareDiluted [2] $ 2.42us-gaap_EarningsPerShareDiluted [2]
Adjusted weighted average common shares outstanding (in shares) 3,037.0us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 3,041.6us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 3,015.5us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Certain prior-period revenue and expense lines and totals were reclassified to conform to the current period’s presentation. See Note 3 to the Consolidated Financial Statements.
[2] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.