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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 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):
In millions of dollars
Net
unrealized
gains (losses)
on investment securities
Cash flow hedges(1)
Benefit plans(2)
Foreign
currency
translation
adjustment (CTA), net of hedges(3)(4)
Accumulated
other
comprehensive income (loss)
Balance, December 31, 2012
$
597

$
(2,293
)
$
(5,270
)
$
(9,930
)
$
(16,896
)
Change, net of taxes(5)
(1,962
)
512

1,098

(2,534
)
(2,886
)
Increase (decrease) due to amounts reclassified from
  AOCI(5)
(275
)
536

183

205

649

Change, net of taxes(5)
$
(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, December 31, 2014
$
57

$
(909
)
$
(5,159
)
$
(17,205
)
$
(23,216
)
Other comprehensive income before reclassifications
$
(695
)
$
83

$
(143
)
$
(5,465
)
$
(6,220
)
Increase (decrease) due to amounts reclassified from
  AOCI
(269
)
209

186

(34
)
92

Change, net of taxes 
$
(964
)
$
292

$
43

$
(5,499
)
$
(6,128
)
Balance at December 31, 2015
$
(907
)
$
(617
)
$
(5,116
)
$
(22,704
)
$
(29,344
)
(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 Euro against the U.S. dollar, and changes in related tax effects and hedges for the year ended December 31, 2015. 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.
(4)
During 2014, $137 million ($84 million net of tax) was reclassified to reflect the allocation of FX translation between net unrealized gains (losses) on investment securities to foreign currency translation adjustment (CTA).
(5)
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) are as follows:
In millions of dollars
Pretax
Tax effect
After-tax
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
)
Change in net unrealized gains (losses) on investment securities
(1,462
)
498

(964
)
Cash flow hedges
468

(176
)
292

Benefit plans
19

24

43

Foreign currency translation adjustment
(6,405
)
906

(5,499
)
Change
$
(7,380
)
$
1,252

$
(6,128
)
Balance, December 31, 2015
$
(38,440
)
$
9,096

$
(29,344
)





During 2015, 2014 and 2013 the Company recognized pretax losses of $155 million ($92 million net of tax), $542 million ($334 million gain net of tax) and $1,071 million ($649 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
 
Year ended December 31,
In millions of dollars
2015
2014
2013
Realized (gains) losses on sales of investments
$
(682
)
$
(570
)
$
(748
)
OTTI gross impairment losses
265

424

334

Subtotal, pretax
$
(417
)
$
(146
)
$
(414
)
Tax effect
148

53

139

Net realized (gains) losses on investment securities, after-tax(1)
$
(269
)
$
(93
)
$
(275
)
Interest rate contracts
$
186

$
260

$
700

Foreign exchange contracts
146

149

176

Subtotal, pretax
$
332

$
409

$
876

Tax effect
(123
)
(158
)
(340
)
Amortization of cash flow hedges, after-tax(2)
$
209

$
251

$
536

Amortization of unrecognized
 
 
 
Prior service cost (benefit)
$
(40
)
$
(40
)
$
—

Net actuarial loss
276

243

271

Curtailment/settlement impact(3)
57

76

44

Cumulative effect of change in accounting policy(3)
—

—

(20
)
Subtotal, pretax
$
293

$
279

$
295

Tax effect
(107
)
(103
)
(112
)
Amortization of benefit plans, after-tax(3)
$
186

$
176

$
183

Foreign currency translation adjustment
$
(53
)
$
—

$
314

Tax effect
19

—

(109
)
Foreign currency translation adjustment
$
(34
)
$
—

$
205

Total amounts reclassified out of AOCI, pretax
$
155

$
542

$
1,071

Total tax effect
(63
)
(208
)
(422
)
Total amounts reclassified out of AOCI, after-tax
$
92

$
334

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