XML 48 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 9 Months Ended
Sep. 30, 2016
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) were as follows:
Three Months Ended September 30, 2016
In millions of dollars
Net
unrealized
gains (losses)
on investment securities
Debt valuation adjustment (DVA)(1)
Cash flow hedges(2)
Benefit plans(3)
Foreign
currency
translation
adjustment (CTA), net of hedges(4)
Accumulated
other
comprehensive income (loss)
Balance, June 30, 2016
$
2,054

$
190

$
(149
)
$
(5,608
)
$
(22,602
)
$
(26,115
)
Other comprehensive income before reclassifications
(270
)
(197
)
(136
)
(28
)
(375
)
(1,006
)
Increase (decrease) due to amounts reclassified from AOCI
(162
)
(3
)
53

40

—

(72
)
Change, net of taxes
$
(432
)
$
(200
)
$
(83
)
$
12

$
(375
)
$
(1,078
)
Balance at September 30, 2016
$
1,622

$
(10
)
$
(232
)
$
(5,596
)
$
(22,977
)
$
(27,193
)
Nine Months Ended September 30, 2016:
Balance, December 31, 2015
$
(907
)
$
—

$
(617
)
$
(5,116
)
$
(22,704
)
$
(29,344
)
Adjustment to opening balance, net of taxes(1)
—

(15
)
—

—

—

(15
)
Adjusted balance, beginning of period
$
(907
)
$
(15
)
$
(617
)
$
(5,116
)
$
(22,704
)
$
(29,359
)
Other comprehensive income before reclassifications
2,781

11

270

(594
)
(273
)
2,195

Increase (decrease) due to amounts reclassified from AOCI
(252
)
(6
)
115

114

—

(29
)
Change, net of taxes 
$
2,529

$
5

$
385

$
(480
)
$
(273
)
$
2,166

Balance at September 30, 2016
$
1,622

$
(10
)
$
(232
)
$
(5,596
)
$
(22,977
)
$
(27,193
)
Three Months Ended September 30, 2015
In millions of dollars
Net
unrealized
gains (losses)
on investment securities
Cash flow hedges(2)
Benefit plans(3)
Foreign
currency
translation
adjustment (CTA), net of hedges(4)
Accumulated
other
comprehensive income (loss)
Balance, June 30, 2015
$
(287
)
$
(731
)
$
(4,671
)
$
(19,415
)
$
(25,104
)
Other comprehensive income 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, 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, September 30, 2015
$
224

$
(542
)
$
(5,031
)
$
(21,908
)
$
(27,257
)
(1)
Beginning in the first quarter of 2016, changes in DVA are reflected as a component of AOCI, pursuant to the adoption of only the provisions of ASU 2016-01 relating to the presentation of DVA on fair value option liabilities. See Note 1 to the Consolidated Financial Statements for further information regarding this change.
(2)
Primarily driven by Citigroup’s pay fixed/receive floating interest rate swap programs that hedge the floating rates on liabilities.
(3)
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.
(4)
Primarily reflects the movements in (by order of impact) the Mexican peso, Korean Won, Japanese Yen, and Australian Dollar against the U.S. dollar, and changes in related tax effects and hedges for the quarter ended September 30, 2016. Primarily reflects the movements in (by order of impact) the Mexican peso, Japanese Yen, Brazilian Real and Korean Won against the U.S. dollar, and changes in related tax effects and hedges for nine months ended September 30, 2016. 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, Brazilian real, Korean won and Australian dollar against the U.S. dollar, and changes in related tax effects and hedges for the nine months ended September 30, 2015.

The pretax and after-tax changes in each component of Accumulated other comprehensive income (loss) were as follows:
Three Months Ended September 30, 2016
In millions of dollars
Pretax
Tax effect
After-tax
Balance, June 30, 2016
$
(33,714
)
$
7,599

$
(26,115
)
Change in net unrealized gains (losses) on investment securities
(686
)
254

(432
)
Debt valuation adjustment (DVA)
(319
)
119

(200
)
Cash flow hedges
(131
)
48

(83
)
Benefit plans
11

1

12

Foreign currency translation adjustment
(313
)
(62
)
(375
)
Change
$
(1,438
)
$
360

$
(1,078
)
Balance, September 30, 2016
$
(35,152
)
$
7,959

$
(27,193
)
Nine Months Ended September 30, 2016
In millions of dollars
Pretax
Tax effect
After-tax
Balance, December 31, 2015
$
(38,440
)
$
9,096

$
(29,344
)
Adjustment to opening balance (1)
(26
)
11

(15
)
Adjusted balance, beginning of period
$
(38,466
)
$
9,107

$
(29,359
)
Change in net unrealized gains (losses) on investment securities
4,020

(1,491
)
2,529

Debt valuation adjustment (DVA)
8

(3
)
5

Cash flow hedges
607

(222
)
385

Benefit plans
(747
)
267

(480
)
Foreign currency translation adjustment
(574
)
301

(273
)
Change
$
3,314

$
(1,148
)
$
2,166

Balance, September 30, 2016
$
(35,152
)
$
7,959

$
(27,193
)

(1)
Represents the ($15) million adjustment related to the initial adoption of ASU 2016-01. See Note 1 to the Consolidated Financial Statements.

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, June 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
)

The Company recognized pretax gain (loss) related to amounts in AOCI reclassified in the Consolidated Statement of Income as follows:
 
Increase (decrease) in AOCI due to amounts reclassified to Consolidated Statement of Income
 
Three Months Ended September 30,
Nine Months Ended September 30,
In millions of dollars
2016
2016
Realized (gains) losses on sales of investments
$
(287
)
$
(673
)
OTTI gross impairment losses
32

283

Subtotal, pretax
$
(255
)
$
(390
)
Tax effect
93

138

Net realized (gains) losses on investment securities, after-tax(1)
$
(162
)
$
(252
)
Realized DVA (gains) losses on fair value option liabilities
$
(5
)
$
(10
)
Subtotal, pretax
$
(5
)
$
(10
)
Tax effect
2

4

Net realized debt valuation adjustment, after-tax
$
(3
)
$
(6
)
Interest rate contracts
$
39

$
96

Foreign exchange contracts
46

89

Subtotal, pretax
$
85

$
185

Tax effect
(32
)
(70
)
Amortization of cash flow hedges, after-tax(2)
$
53

$
115

Amortization of unrecognized
 
 
Prior service cost (benefit)
$
(10
)
$
(31
)
Net actuarial loss
73

208

Curtailment/settlement impact(3)
8

9

Subtotal, pretax
$
71

$
186

Tax effect
(31
)
(72
)
Amortization of benefit plans, after-tax(3)
$
40

$
114

Foreign currency translation adjustment
$
—

$
—

Total amounts reclassified out of AOCI, pretax
$
(104
)
$
(29
)
Total tax effect
32

—

Total amounts reclassified out of AOCI, after-tax
$
(72
)
$
(29
)
(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 12 to the Consolidated Financial Statements for additional details.
(2)
See Note 19 to the Consolidated Financial Statements for additional details.
(3)
See Note 8 to the Consolidated Financial Statements for additional details.




















The Company recognized pretax gain (loss) related to amounts in AOCI reclassified in the Consolidated Statement of Income as follows:
 
Increase (decrease) in AOCI due to amounts reclassified to Consolidated Statement of Income
 
Three Months Ended September 30,
Nine Months Ended September 30,
In millions of dollars
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 12 to the Consolidated Financial Statements for additional details.
(2)
See Note 19 to the Consolidated Financial Statements for additional details.
(3)
See Note 8 to the Consolidated Financial Statements for additional details.