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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ 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 period at Dec. 31, 2015     $ 16,718   $ 108,319 $ 133,841 $ (7,677) $ (29,344) $ 1,235
Adjustment to opening balance, net of taxes at Dec. 31, 2015 [1]           15   (15)  
Adjusted balance, beginning of period at Dec. 31, 2015           133,856   (29,359)  
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     1,035            
Employee benefit plans         (660)   765 [2]    
Preferred stock issuance expense         (31)        
Other         (7) 0 [3]     (1)
Net income $ 3,506         3,501     5
Common dividends [4]           (149)      
Preferred dividends (210)         (210)      
Tax benefit           0      
Treasury stock acquired [5]             (1,312)    
Other comprehensive income (loss)               2,733 27
Transactions between Citigroup and the noncontrolling-interest shareholders                 (27)
Net change in noncontrolling interests                 4
Balance, end of period at Mar. 31, 2016 228,761 $ 227,522 17,753 $ 209,769 107,621 136,998 (8,224) (26,626) 1,239
Balance, beginning of period at Dec. 31, 2016 226,143   19,253   108,073 146,477 (16,302) (32,381) 1,023
Adjustment to opening balance, net of taxes at Dec. 31, 2016 [1]           0   0  
Adjusted balance, beginning of period at Dec. 31, 2016           146,477   (32,381)  
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     0            
Employee benefit plans         (426)   507 [2]    
Preferred stock issuance expense         0        
Other         (3) (90) [3]     (42)
Net income 4,100         4,090     10
Common dividends [4]           (445)      
Preferred dividends (301)         (301)      
Tax benefit                
Treasury stock acquired [5]             (1,784)    
Other comprehensive income (loss)               1,464 31
Transactions between Citigroup and the noncontrolling-interest shareholders                 (1)
Net change in noncontrolling interests                 (2)
Balance, end of period at Mar. 31, 2017 $ 229,153 $ 228,132 $ 19,253 $ 208,879 $ 107,644 $ 149,731 $ (17,579) $ (30,917) $ 1,021
[1] See Note 1 to the Consolidated Financial Statements for additional details.
[2] 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.
[3] Includes the impact of ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. See Note 1 to the Consolidated Financial Statements.
[4] Common dividends declared were $0.16 per share in the first quarter of 2017 and $0.05 per share in the first quarter of 2016.
[5] For the three months ended March 31, 2017 and 2016, primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.