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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ 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, 2012     $ 2,562   $ 106,421 $ 97,809 $ (847) $ (16,896) $ 1,948
Balance, beginning of year (in shares) at Dec. 31, 2012     102,000   3,043,153,000   14,269,000    
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     $ 4,270            
Issuance of new preferred stock (in shares)     171,000            
Redemption of preferred stock     $ (94)            
Redemption of preferred stock (in shares)     (3,000)            
Employee benefit plans         $ 878   $ 26 [1]    
Employee benefit plans (in shares)         18,930,000   (1,629,000) [1]    
Preferred stock issuance expense         $ (78)        
Adjustment to opening balance, net of taxes at Dec. 31, 2012 [2]           (332)      
Adjusted balance, beginning of year at Dec. 31, 2012           97,477      
Increase (Decrease) in Stockholders' Equity                  
Initial origination of a noncontrolling interest                 6
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 (2)
Transactions between Citigroup and the noncontrolling-interest shareholders                 (118)
Net income attributable to noncontrolling-interest shareholders $ 13,886         13,659     227
Common dividends [3]           (120)      
Preferred dividends (194)         (194)      
Tax benefit 0         0      
Treasury stock acquired [4]             $ (837)    
Treasure stock acquired (in shares) [4]             (16,958,000)    
Dividends paid to noncontrolling-interest shareholders                 (63)
Other comprehensive income (loss)               (2,237) (17)
Other         $ 3 (1)     (187)
Other (in shares)         16,000        
Net change in noncontrolling interests                 (154)
Balance, end of year at Dec. 31, 2013 205,786 $ 203,992 $ 6,738 $ 197,254 $ 107,224 110,821 $ (1,658) (19,133) 1,794
Balance, end of year (in shares) at Dec. 31, 2013     270,000 3,029,243,000 3,062,099,000   32,856,000    
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     $ 3,730            
Issuance of new preferred stock (in shares)     149,000            
Redemption of preferred stock     $ 0            
Redemption of preferred stock (in shares)     0            
Employee benefit plans         $ 798   $ (39) [1]    
Employee benefit plans (in shares)         19,928,000   (483,000) [1]    
Preferred stock issuance expense         $ (31)        
Adjustment to opening balance, net of taxes at Dec. 31, 2013 [2]           0      
Adjusted balance, beginning of year at Dec. 31, 2013           110,821      
Increase (Decrease) in Stockholders' Equity                  
Initial origination of a noncontrolling interest                 0
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 0
Transactions between Citigroup and the noncontrolling-interest shareholders                 (96)
Net income attributable to noncontrolling-interest shareholders 7,502         7,310     192
Common dividends [3]           (122)      
Preferred dividends (511)         (511)      
Tax benefit 353         353      
Treasury stock acquired [4]             $ (1,232)    
Treasure stock acquired (in shares) [4]             (24,780,000)    
Dividends paid to noncontrolling-interest shareholders                 (91)
Other comprehensive income (loss)               (4,083) (106)
Other         $ 19 1     (182)
Other (in shares)         11,000        
Net change in noncontrolling interests                 (283)
Balance, end of year at Dec. 31, 2014 211,696 210,185 $ 10,468 $ 199,717 $ 108,010 117,852 $ (2,929) (23,216) 1,511
Balance, end of year (in shares) at Dec. 31, 2014     419,000 3,023,919,000 3,082,038,000   58,119,000    
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     $ 6,250            
Issuance of new preferred stock (in shares)     250,000            
Redemption of preferred stock     $ 0            
Redemption of preferred stock (in shares)     0            
Employee benefit plans         $ 357   $ 704 [1]    
Employee benefit plans (in shares)         17,438,000   13,318,000 [1]    
Preferred stock issuance expense         $ (23)        
Adjustment to opening balance, net of taxes at Dec. 31, 2014 [2]           0      
Adjusted balance, beginning of year at Dec. 31, 2014           117,852      
Increase (Decrease) in Stockholders' Equity                  
Initial origination of a noncontrolling interest                 0
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 0
Transactions between Citigroup and the noncontrolling-interest shareholders                 (164)
Net income attributable to noncontrolling-interest shareholders 17,332         17,242     90
Common dividends [3]           (484)      
Preferred dividends (769)         (769)      
Tax benefit 0         0      
Treasury stock acquired [4]             $ (5,452)    
Treasure stock acquired (in shares) [4]             (101,402,000)    
Dividends paid to noncontrolling-interest shareholders                 (78)
Other comprehensive income (loss)               (6,128) (83)
Other         $ (25) 0     (41)
Other (in shares)         6,000        
Net change in noncontrolling interests                 (276)
Balance, end of year at Dec. 31, 2015 $ 223,092 $ 221,857 $ 16,718 $ 205,139 $ 108,319 $ 133,841 $ (7,677) $ (29,344) $ 1,235
Balance, end of year (in shares) at Dec. 31, 2015     669,000 2,953,279,000 3,099,482,000   146,203,000    
[1] 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.
[2] 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, 2013 and is shown as an adjustment to the opening balance since 2013 is the earliest period presented in this statement. See Note 1 to the Consolidated Financial Statements for additional information.
[3] Common dividends declared were $0.01 per share in the first quarter and $0.05 both in the second, third and fourth quarters of 2015 and $0.01 per share in each quarter of 2014.
[4] For the twelve months ended December 31, 2015, 2014 and 2013, primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.