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BUSINESS SEGMENTS
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
Citigroup’s activities are conducted through the following business segments: Global Consumer Banking (GCB), Institutional Clients Group (ICG) and Citi Holdings. In addition, Corporate/Other includes activities not assigned to a specific business segment.
The business segments are determined based on products and services provided or type of customers served, of which those identified as non-core are recorded in Citi Holdings, and reflective of how management currently evaluates financial information to make business decisions.
GCB includes a global, full-service consumer franchise delivering a wide array of banking, including commercial banking, credit card lending and investment services through a network of local branches, offices and electronic delivery systems and is composed of three GCB businesses: North America, Latin America and Asia (including certain EMEA consumer operations).
ICG is composed of Banking and Markets and securities services and provides corporate, institutional, public sector and high-net-worth clients in over 100 countries and jurisdictions with a broad range of banking and financial products and services.
Citi Holdings is composed of businesses and portfolios of assets that Citigroup has determined are not central to its core Citicorp businesses.
Corporate/Other includes certain unallocated costs of global functions, other corporate expenses and net treasury results, unallocated corporate expenses, offsets to certain line-item reclassifications and eliminations, the results of discontinued operations and unallocated taxes.
The accounting policies of these reportable segments are the same as those disclosed in Note 1 to the Consolidated Financial Statements.
The prior-period balances reflect reclassifications to conform the presentation to the current period’s presentation. Effective January 1, 2016, historical financial data was reclassified from Citicorp to Citi Holdings as a result of the reorganization of the legacy Latin America GCB reporting unit, which included the transfer of the consumer businesses in Argentina, Brazil and Colombia to Citi Holdings. Citi’s consolidated results remain unchanged for all periods presented as a result of the reorganization.
The following table presents certain information regarding the Company’s continuing operations by segment:
 
Revenues,
net of interest expense
(1)
Provision (benefits)
for income taxes
Income (loss) from
continuing operations
(2)
Identifiable assets
In millions of dollars, except identifiable assets in billions
2016
2015
2014
2016
2015
2014
2016
2015
2014
2016
2015
Global Consumer Banking
$
31,763

$
32,495

$
34,296

$
2,712

$
3,430

$
3,404

$
5,108

$
6,376

$
6,702

$
413

$
381

Institutional Clients Group
33,850

33,991

33,312

4,497

4,426

4,129

9,928

9,529

9,645

1,276

1,217

Corporate/Other
410

908

303

(771
)
(1,338
)
(344
)
(609
)
496

(5,373
)
49

52

Total Citicorp
$
66,023

$
67,394

$
67,911

$
6,438

$
6,518

$
7,189

$
14,427

$
16,401

$
10,974

$
1,738

$
1,650

Citi Holdings
3,852

8,960

9,308

6

922

8

606

985

(3,470
)
54

81

Total
$
69,875

$
76,354

$
77,219

$
6,444

$
7,440

$
7,197

$
15,033

$
17,386

$
7,504

$
1,792

$
1,731

(1)
Includes Citicorp (excluding Corporate/Other) total revenues, net of interest expense, in North America of $32.8 billion, $32.7 billion and $32.9 billion; in EMEA of $10.0 billion, $10.0 billion and $9.5 billion; in Latin America of $9.0 billion, $9.8 billion and $10.8 billion; and in Asia of $13.8 billion, $14.0 billion and $14.4 billion in 2016, 2015 and 2014, respectively.
(2)
Includes pretax provisions for credit losses and for benefits and claims in the GCB results of $6.4 billion, $5.5 billion and $5.5 billion; in the ICG results of $486 million, $962 million and $47 million; and in Citi Holdings results of $0.1 billion, $1.5 billion and $1.9 billion in 2016, 2015 and 2014, respectively.