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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Citigroup stockholders' equity
Preferred stock at aggregate liquidation value
Citigroup common stockholders' equity
Common stock and additional paid-in capital
Retained earnings
Treasury stock, at cost
Citigroup's accumulated other comprehensive income (loss)
Noncontrolling interests
Balance, beginning of year at Dec. 31, 2013     $ 6,738   $ 107,224 $ 111,168 $ (1,658) $ (19,133) $ 1,794
Adjustment to opening balance, net of taxes at Dec. 31, 2013 [1]           (347)      
Adjusted balance, beginning of year at Dec. 31, 2013           110,821      
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     2,230            
Employee benefit plans         656   (121) [2]    
Preferred stock issuance expense         (24)        
Common dividends [3]           (91)      
Preferred dividends $ (352)         (352)      
Tax benefit           353      
Treasury stock acquired [4]             (852)    
Transactions between Citigroup and the noncontrolling-interest shareholders                 (80)
Net income 7,120         6,966     154
Dividends paid to noncontrolling-interest shareholders                 (91)
Other comprehensive income (loss)               (843) (57)
Other         14       (101)
Net change in noncontrolling interests                 (175)
Balance, end of year at Sep. 30, 2014 213,547 $ 211,928 8,968 $ 202,960 107,870 117,697 (2,631) (19,976) 1,619
Balance, beginning of year at Dec. 31, 2014 211,696   10,468   108,010 117,852 (2,929) (23,216) 1,511
Adjustment to opening balance, net of taxes at Dec. 31, 2014 [1]           0      
Adjusted balance, beginning of year at Dec. 31, 2014           117,852      
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     4,750            
Employee benefit plans         325   405 [2]    
Preferred stock issuance expense         (19)        
Common dividends [3]           (334)      
Preferred dividends (504)         (504)      
Tax benefit           0      
Treasury stock acquired [4]             (3,802)    
Transactions between Citigroup and the noncontrolling-interest shareholders                 (144)
Net income 13,972         13,907     65
Dividends paid to noncontrolling-interest shareholders                 (78)
Other comprehensive income (loss)               (4,041) (67)
Other         (24)       2
Net change in noncontrolling interests                 (222)
Balance, end of year at Sep. 30, 2015 $ 222,137 $ 220,848 $ 15,218 $ 205,630 $ 108,292 $ 130,921 $ (6,326) $ (27,257) $ 1,289
[1] Citi adopted ASU 2014-01 Investments-Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Affordable Housing, in the first quarter of 2015 on a retrospective basis. This adjustment to opening Retained earnings represents the impact to periods prior to January 1, 2014 and is shown as an adjustment to the opening balance since the third quarter of 2014 is the earliest period disclosed in this Form 10-Q. See Note 1 to the Consolidated Financial Statements for additional information.
[2] Includes treasury stock related to (i) certain activity on employee stock option program exercises where the employee delivers existing shares to cover the option exercise, or (ii) under Citi’s employee restricted or deferred stock programs where shares are withheld to satisfy tax requirements.
[3] Common dividends declared were $0.01 per share in the first quarter and $0.05 both in the second and third quarters of 2015 and $0.01 per share in the first, second, and third quarters of 2014 .
[4] For the nine months ended September 30, 2015 and 2014, primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.