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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 9 Months Ended
Sep. 30, 2015
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 and nine months ended September 30, 2015 and 2014 are as follows:
Three Months Ended September 30, 2015 :
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, June 30, 2015
$
(287
)
$
(731
)
$
(4,671
)
$
(19,415
)
$
(25,104
)
Other comprehensive income (losses) before reclassifications
$
556

$
149

$
(400
)
$
(2,493
)
$
(2,188
)
Increase (decrease) due to amounts reclassified from AOCI
(45
)
40

40

—

35

Change, net of taxes
$
511

$
189

$
(360
)
$
(2,493
)
$
(2,153
)
Balance at September 30, 2015
$
224

$
(542
)
$
(5,031
)
$
(21,908
)
$
(27,257
)
Nine months ended September 30, 2015:
Balance, December 31, 2014
$
57

$
(909
)
$
(5,159
)
$
(17,205
)
$
(23,216
)
Other comprehensive income before reclassifications
$
453

$
203

$
7

$
(4,703
)
$
(4,040
)
Increase (decrease) due to amounts reclassified from AOCI
(286
)
164

121

—

(1
)
Change, net of taxes
$
167

$
367

$
128

$
(4,703
)
$
(4,041
)
Balance at September 30, 2015
$
224

$
(542
)
$
(5,031
)
$
(21,908
)
$
(27,257
)

Three Months Ended September 30, 2014:
Balance, June 30, 2014
$
(206
)
$
(1,007
)
$
(4,166
)
$
(12,768
)
$
(18,147
)
Other comprehensive income before reclassifications
$
(173
)
$
(42
)
$
17

$
(1,721
)
$
(1,919
)
Increase (decrease) due to amounts reclassified from AOCI
(34
)
70

54

—

90

Change, net of taxes
$
(207
)
$
28

$
71

$
(1,721
)
$
(1,829
)
Balance at September 30, 2014
$
(413
)
$
(979
)
$
(4,095
)
$
(14,489
)
$
(19,976
)

Nine months ended September 30, 2014:
Balance, December 31, 2013
$
(1,640
)
$
(1,245
)
$
(3,989
)
$
(12,259
)
$
(19,133
)
Other comprehensive income before reclassifications
$
1,242

$
62

$
(240
)
$
(2,230
)
$
(1,166
)
Increase (decrease) due to amounts reclassified from AOCI
(15
)
204

134

—

323

Change, net of taxes
$
1,227

$
266

$
(106
)
$
(2,230
)
$
(843
)
Balance at September 30, 2014
$
(413
)
$
(979
)
$
(4,095
)
$
(14,489
)
$
(19,976
)
(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 Mexican peso, Brazilian real, Korean won and British pound against the U.S. dollar, and changes in related tax effects and hedges for the quarter ended September 30, 2015. Primarily reflects the movements in (by order of impact) the Mexican peso, British pound, Korean won and euro against the U.S. dollar, and changes in related tax effects and hedges for the quarter ended June 30, 2015. 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 quarter ended March 30, 2015. Primarily reflects the movements in (by order of impact) the Mexican peso, euro, British pound and Australian dollar against the U.S. dollar, and changes in related tax effects and hedges for the quarter ended September 30, 2014. Primarily reflects the movements in (by order of impact) the Korean won, British pound, euro and Mexican peso against the U.S. dollar, and changes in related tax effects and hedges for the quarter ended June 30, 2014. 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 quarter 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.

The pretax and after-tax changes in each component of Accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2015 and 2014 are as follows:
Three Months Ended September 30, 2015:
In millions of dollars
Pretax
Tax effect
After-tax
Balance, June 30, 2015
$
(33,148
)
$
8,044

$
(25,104
)
Change in net unrealized gains (losses) on investment securities
821

(310
)
511

Cash flow hedges
322

(133
)
189

Benefit plans
(545
)
185

(360
)
Foreign currency translation adjustment
(2,792
)
299

(2,493
)
Change
$
(2,194
)
$
41

$
(2,153
)
Balance, September 30, 2015
$
(35,342
)
$
8,085

$
(27,257
)
Nine months ended September 30, 2015:
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
353

(186
)
167

Cash flow hedges
596

(229
)
367

Benefit plans
144

(16
)
128

Foreign currency translation adjustment
(5,375
)
672

(4,703
)
Change
$
(4,282
)
$
241

$
(4,041
)
Balance, September 30, 2015
$
(35,342
)
$
8,085

$
(27,257
)
Three Months Ended September 30, 2014:
In millions of dollars
Pretax
Tax effect
After-tax
Balance, June 30, 2014
$
(25,645
)
$
7,498

$
(18,147
)
Change in net unrealized gains (losses) on investment securities
(321
)
114

(207
)
Cash flow hedges
45

(17
)
28

Benefit plans
107

(36
)
71

Foreign currency translation adjustment
(2,094
)
373

(1,721
)
Change
$
(2,263
)
$
434

$
(1,829
)
Balance, September 30, 2014
$
(27,908
)
$
7,932

$
(19,976
)
Nine months ended September 30, 2014:
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
1,967

(740
)
1,227

Cash flow hedges
431

(165
)
266

Benefit plans
(187
)
81

(106
)
Foreign currency translation adjustment
(2,523
)
293

(2,230
)
Change
$
(312
)
$
(531
)
$
(843
)
Balance, September 30, 2014
$
(27,908
)
$
7,932

$
(19,976
)



During the three and nine months ended September 30, 2015, the Company recognized a pretax loss of $47 million ($35 million net of tax) and pretax loss of $5 million ($1 million gain 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 September 30,
Nine Months Ended September 30,
 
2015
2015
Realized (gains) losses on sales of investments
$
(151
)
$
(641
)
OTTI gross impairment losses
80

195

Subtotal, pretax
$
(71
)
$
(446
)
Tax effect
26

160

Net realized (gains) losses on investment securities, after-tax(1)
$
(45
)
$
(286
)
Interest rate contracts
$
28

$
148

Foreign exchange contracts
35

112

Subtotal, pretax
$
63

$
260

Tax effect
(23
)
(96
)
Amortization of cash flow hedges, after-tax(2)
$
40

$
164

Amortization of unrecognized
 
 
Prior service cost (benefit)
$
(11
)
$
(32
)
Net actuarial loss
64

211

Curtailment/settlement impact (3)
2

12

Subtotal, pretax
$
55

$
191

Tax effect
(15
)
(70
)
Amortization of benefit plans, after-tax(3)
$
40

$
121

Foreign currency translation adjustment
$
—

$
—

Total amounts reclassified out of AOCI, pretax
$
47

$
5

Total tax effect
(12
)
(6
)
Total amounts reclassified out of AOCI, after-tax
$
35

$
(1
)
(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 Note 8 to the Consolidated Financial Statements for additional details.

During the three and nine months ended September 30, 2014, the Company recognized a pretax loss of $154 million ($90 million net of tax) and pretax loss of $527 million ($323 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 September 30,
Nine Months Ended September 30,
 
2014
2014
Realized (gains) losses on sales of investments
$
(136
)
$
(348
)
OTTI gross impairment losses
91

329

Subtotal, pretax
$
(45
)
$
(19
)
Tax effect
11

4

Net realized (gains) losses on investment securities, after-tax(1)
$
(34
)
$
(15
)
Interest rate contracts
$
84

$
218

Foreign exchange contracts
30

114

Subtotal, pretax
$
114

$
332

Tax effect
(44
)
(128
)
Amortization of cash flow hedges, after-tax(2)
$
70

$
204

Amortization of unrecognized
 

Prior service cost (benefit)
$
(11
)
$
(30
)
Net actuarial loss
63

183

Curtailment/settlement impact (3)
33

61

Subtotal, pretax
$
85

$
214

Tax effect
(31
)
(80
)
Amortization of benefit plans, after-tax(3)
$
54

$
134

Foreign currency translation adjustment
$
—

$
—

Total amounts reclassified out of AOCI, pretax
$
154

$
527

Total tax effect
(64
)
(204
)
Total amounts reclassified out of AOCI, after-tax
$
90

$
323

(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 Note 8 to the Consolidated Financial Statements for additional details.