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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Interest revenue $ 14,423 $ 14,167
Interest expense 3,566 2,940
Net interest revenue 10,857 11,227
Commissions and fees 2,759 2,463
Principal transactions 3,022 1,840
Administration and other fiduciary fees 893 811
Realized gains on sales of investments, net 192 186
Other-than-temporary impairment losses on investments    
Gross impairment losses (12) (465)
Less: Impairments recognized in AOCI 0 0
Net impairment losses recognized in earnings (12) (465)
Insurance premiums 169 264
Other revenue 240 1,229
Total non-interest revenues 7,263 6,328
Total revenues, net of interest expense 18,120 17,555
Provisions for credit losses and for benefits and claims    
Provision for loan losses 1,675 1,886
Policyholder benefits and claims 30 88
Provision (release) for unfunded lending commitments (43) 71
Total provisions for credit losses and for benefits and claims 1,662 2,045
Operating expenses    
Compensation and benefits 5,534 5,556
Premises and equipment 620 651
Technology/communication 1,659 1,649
Advertising and marketing 373 390
Other operating 2,291 2,277
Total operating expenses 10,477 10,523
Income from continuing operations before income taxes 5,981 4,987
Provision for income taxes 1,863 1,479
Income from continuing operations 4,118 3,508
Discontinued operations    
Loss from discontinued operations (28) (3)
Benefit for income taxes (10) (1)
Loss from discontinued operations, net of taxes (18) (2)
Net income before attribution of noncontrolling interests 4,100 3,506
Noncontrolling interests 10 5
Citigroup’s net income $ 4,090 $ 3,501
Basic earnings per share    
Income from continuing operations (in dollars per share) [1] $ 1.36 $ 1.11
Loss from discontinued operations, net of taxes (in dollars per share) [1] (0.01) 0.00
Net income (in dollars per share) [1] $ 1.35 $ 1.10
Weighted average common shares outstanding (in shares) 2,765.3 2,943.0
Diluted earnings per share    
Income from continuing operations (in dollars per share) $ 1.36 $ 1.11
Loss from discontinued operations, net of taxes (in dollars per share) (0.01) 0.00
Net income (in dollars per share) $ 1.35 $ 1.10
Adjusted weighted average common shares outstanding (in shares) 2,765.5 2,943.1
[1] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.