BUSINESS SEGMENTS

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

Citigroup’s activities are conducted through the Global Consumer Banking (GCB), Institutional Clients Group (ICG), Corporate/Other and Citi Holdings business segments.

GCB 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 fourGCB businesses: North America, EMEA, Latin America and Asia.

ICG 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 certain unallocated costs of global functions, other corporate expenses and net treasury results, unallocated corporate expenses, offsets to certain line-item reclassifications and eliminations, the results of discontinued operations and unallocated taxes.

Citi Holdings 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 2014 Annual Report on Form 10-K.The prior-period balances reflect reclassifications to conform the presentation for all periods to the current period’s presentation. Effective January 1, 2015, financial data was reclassified from Citicorp to Citi Holdings for the consumer businesses in 11 markets and the consumer finance business in Korea in Global Consumer Banking (GCB) and certain businesses in Institutional Clients Group that Citi planned to exit, changes in Citi’s charge out of certain assets and non-interest revenues from the Corporate/Other segment to Citi’s businesses, changes in charge outs of certain administrative, operations and technology costs among Citi’s businesses andcertain other immaterial reclassifications. Citi’s consolidated results remain unchanged for all periods presented as a result of the changes discussed above.

In addition, as discussed in Note 1 to the Consolidated Financial Statements, Citi adopted ASU 2014-01 in the first quarter of 2015. The ASU is applicable to Citi’s portfolio of low income housing tax credit partnership interests. Citi’s disclosures reflect the retrospective application of the ASU and impacts Citi’s consolidated assets, revenues, provision for income taxes and net income for all periods presented.

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	2015		2014		2015			2014			2015		2014			September 30, 2015		December 31, 2014
Global Consumer Banking	$	8,460	$	9,201	$	919		$	995		$	1,682	$	1,894		$	388	$	406
Institutional Clients Group	8,597		8,336		1,186			1,102			2,410		2,343			1,258		1,257
Corporate/Other	218		82		(314		)	(103		)	183		(1,537		)	52		50
Total Citicorp	$	17,275	$	17,619	$	1,791		$	1,994		$	4,275	$	2,700		$	1,698	$	1,713
Citi Holdings	1,417		2,070		90			74			31		216			110		129
Total	$	18,692	$	19,689	$	1,881		$	2,068		$	4,306	$	2,916		$	1,808	$	1,842

	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	2015		2014		2015			2014			2015		2014
Global Consumer Banking	$	25,671	$	26,989	$	2,644		$	2,539		$	5,037	$	5,131
Institutional Clients Group	26,503		25,892		3,861			3,628			8,209		7,857
Corporate/Other	800		394		(871		)	(57		)	394		(2,309		)
Total Citicorp	$	52,974	$	53,275	$	5,634		$	6,110		$	13,640	$	10,679
Citi Holdings	4,924		6,045		403			10			341		(3,558		)
Total	$	57,898	$	59,320	$	6,037		$	6,120		$	13,981	$	7,121

(1) Includes Citicorp (excluding Corporate/Other) total revenues, net of interest expense, in North America of $8.1 billion and $8.2 billion; in EMEA of $2.7 billion and $2.5 billion; in Latin America of $3.0 billion and $3.2 billion; and in Asia of $3.3 billion and $3.6 billion for the three months ended September 30, 2015 and 2014, respectively. Regional numbers exclude Citi Holdings and Corporate/Other, which largely operate within the U.S. Includes Citicorp (excluding Corporate/Other) total revenues, net of interest expense, in North America of $24.4 billion and $24.4 billion; in EMEA of $8.5 billion and $8.4 billion; in Latin America of $8.9 billion and $9.7 billion; and in Asia of $10.4 billion and $10.4 billion for the nine months ended September 30, 2015 and 2014, respectively.

(2) Includes pretax provisions (credits) for credit losses and for benefits and claims in the GCB results of $1.4 billion and $1.3 billion; in the ICG results of $309 million and $(21) million; and in Citi Holdings results of $0.2 billion and $0.4 billion for the three months ended September 30, 2015 and 2014, respectively. Includes pretax provisions (credits) for credit losses and for benefits and claims in the GCB results of $4.3 billion and $4.4 billion; in the ICG results of $288 million and $(106) million; and in Citi Holdings results of $0.8 billion and $1.2 billion for the nine months ended September 30, 2015 and 2014, respectively.