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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Changes in each component of Citigroup’s Accumulated other comprehensive income (loss) for the three years ended December 31, 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)(4)
Accumulated
other
comprehensive income (loss)
Balance, December 31, 2011
$
(35
)
$
(2,820
)
$
(4,282
)
$
(10,651
)
$
(17,788
)
Change, net of taxes (5)(6)
632

527

(988
)
721

892

Balance, December 31, 2012
$
597

$
(2,293
)
$
(5,270
)
$
(9,930
)
$
(16,896
)
Other comprehensive income before reclassifications
$
(1,962
)
$
512

$
1,098

$
(2,534
)
$
(2,886
)
Increase (decrease) due to amounts reclassified from AOCI (7)
(275
)
536

183

205

649

Change, net of taxes (7)
$
(2,237
)
$
1,048

$
1,281

$
(2,329
)
$
(2,237
)
Balance, December 31, 2013
$
(1,640
)
$
(1,245
)
$
(3,989
)
$
(12,259
)
$
(19,133
)
Other comprehensive income before reclassifications
$
1,790

$
85

$
(1,346
)
$
(4,946
)
$
(4,417
)
Increase (decrease) due to amounts reclassified from AOCI
(93
)
251

176

—

334

Change, net of taxes 
$
1,697

$
336

$
(1,170
)
$
(4,946
)
$
(4,083
)
Balance at December 31, 2014
$
57

$
(909
)
$
(5,159
)
$
(17,205
)
$
(23,216
)
(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. Reflects the adoption of new mortality tables effective December 31, 2014 (see Note 8 to the Consolidated Financial Statements).
(3)
Primarily reflects the movements in (by order of impact) the Mexican peso, euro, Japanese yen, and Russian ruble against the U.S. dollar, and changes in related tax effects and hedges for the year ended December 31, 2014. Primarily reflects the movements in (by order of impact) the Japanese yen, Mexican peso, Australian dollar, and Indian rupee against the U.S. dollar, and changes in related tax effects and hedges for the year ended December 31, 2013. Primarily reflects the movements in (by order of impact) the Mexican peso, Japanese yen, euro, and Brazilian real against the U.S. dollar, and changes in related tax effects and hedges for the year ended December 31, 2012.
(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.
(5)
Includes the after-tax impact of realized gains from the sales of minority investments: $672 million from the Company’s entire interest in Housing Development Finance Corporation Ltd. (HDFC); and $421 million from the Company’s entire interest in Shanghai Pudong Development Bank (SPDB).
(6)
The after-tax impact due to impairment charges and the loss related to Akbank included within the foreign currency translation adjustment, during 2012 was $667 million (see Note 14 to the Consolidated Financial Statements).
(7)
On December 20, 2013, the sale of Credicard was completed (see Note 2 to the Consolidated Financial Statements). The total impact to the gross CTA (net CTA including hedges) was a pretax loss of $314 million ($205 million net of tax).

The pretax and after-tax changes in each component of Accumulated other comprehensive income (loss) for the three years ended December 31, 2014 are as follows:
In millions of dollars
Pretax
Tax effect
After-tax
Balance, December 31, 2011
$
(25,807
)
$
8,019

$
(17,788
)
Change in net unrealized gains (losses) on investment securities
1,001

(369
)
632

Cash flow hedges
838

(311
)
527

Benefit plans
(1,378
)
390

(988
)
Foreign currency translation adjustment
12

709

721

Change
$
473

$
419

$
892

Balance, December 31, 2012
$
(25,334
)
$
8,438

$
(16,896
)
Change in net unrealized gains (losses) on investment securities
(3,537
)
1,300

(2,237
)
Cash flow hedges
1,673

(625
)
1,048

Benefit plans
1,979

(698
)
1,281

Foreign currency translation adjustment
(2,377
)
48

(2,329
)
Change
$
(2,262
)
$
25

$
(2,237
)
Balance, December 31, 2013
$
(27,596
)
$
8,463

$
(19,133
)
Change in net unrealized gains (losses) on investment securities
2,704

(1,007
)
1,697

Cash flow hedges
543

(207
)
336

Benefit plans
(1,830
)
660

(1,170
)
Foreign currency translation adjustment
(4,881
)
(65
)
(4,946
)
Change
$
(3,464
)
$
(619
)
$
(4,083
)
Balance, December 31, 2014
$
(31,060
)
$
7,844

$
(23,216
)


During the year ended December 31, 2014, the Company recognized a pretax loss of $542 million ($334 million net of tax) 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
 
Year ended December 31, 2014
Realized (gains) losses on sales of investments
 
$
(570
)
OTTI gross impairment losses
 
424

Subtotal, pretax
 
$
(146
)
Tax effect
 
53

Net realized (gains) losses on investment securities, after-tax(1)
 
$
(93
)
Interest rate contracts
 
$
260

Foreign exchange contracts
 
149

Subtotal, pretax
 
$
409

Tax effect
 
(158
)
Amortization of cash flow hedges, after-tax(2)
 
$
251

Amortization of unrecognized
 
 
Prior service cost (benefit)
 
$
(40
)
Net actuarial loss
 
243

Curtailment/settlement impact (3)
 
76

Subtotal, pretax
 
$
279

Tax effect
 
(103
)
Amortization of benefit plans, after-tax(3)
 
$
176

Foreign currency translation adjustment
 
$
—

Total amounts reclassified out of AOCI, pretax
 
$
542

Total tax effect
 
(208
)
Total amounts reclassified out of AOCI, after-tax
 
$
334

(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 14 to the Consolidated Financial Statements for additional details.
(2)
See Note 23 to the Consolidated Financial Statements for additional details.
(3)
See Notes 1 and 8 to the Consolidated Financial Statements for additional details.

During the year ended December 31, 2013, the Company recognized a pretax loss of $1,071 million ($649 million net of tax) 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
 
Year ended December 31, 2013
Realized (gains) losses on sales of investments
 
$
(748
)
OTTI gross impairment losses
 
334

Subtotal, pretax
 
$
(414
)
Tax effect
 
139

Net realized (gains) losses on investment securities, after-tax(1)
 
$
(275
)
Interest rate contracts
 
$
700

Foreign exchange contracts
 
176

Subtotal, pretax
 
$
876

Tax effect
 
(340
)
Amortization of cash flow hedges, after-tax(2)
 
$
536

Amortization of unrecognized
 
 
Prior service cost (benefit)
 
$
—

Net actuarial loss
 
271

Curtailment/settlement impact(3)
 
44

Cumulative effect of change in accounting policy(3)
 
(20
)
Subtotal, pretax
 
$
295

Tax effect
 
(112
)
Amortization of benefit plans, after-tax(3)
 
$
183

Foreign currency translation adjustment
 
$
205

Total amounts reclassified out of AOCI, pretax
 
$
1,071

Total tax effect
 
(422
)
Total amounts reclassified out of AOCI, after-tax
 
$
649

(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 14 to the Consolidated Financial Statements for additional details.
(2)
See Note 23 to the Consolidated Financial Statements for additional details.
(3)
See Notes 1 and 8 to the Consolidated Financial Statements for additional details.