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BUSINESS SEGMENTS
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
Citigroup’s activities are conducted through the Global Consumer Banking (GCB) and ICG business segments. In addition, Corporate/Other includes activities not assigned to a specific business segment, as well as certain North America and international loan portfolios, discontinued operations and other legacy assets.
The prior-period balances reflect reclassifications to conform the presentation for all periods to the current period’s presentation. Effective January 1, 2017, financial data was reclassified to reflect:

the reporting of the remaining businesses and portfolios of assets of Citi Holdings as part of Corporate/Other which, prior to the first quarter of 2017, was a separately reported business segment;
the re-attribution of certain treasury-related costs between Corporate/Other, GCB and ICG;
the re-attribution of regional revenues within ICG; and
certain other immaterial reclassifications.

Citi’s consolidated results remain unchanged for all periods presented as a result of the changes and reclassifications discussed above.

For additional information regarding Citigroup’s business segments, see Note 3 to the Consolidated Financial Statements in Citi’s 2016 Annual Report on Form 10-K.
The following table presents certain information regarding the Company’s continuing operations by segment:














 
Three Months Ended June 30,
 
 
 
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
2017
2016
2017
2016
2017
2016
June 30,
2017
December 31, 2016
Global Consumer Banking
$
8,035

$
7,674

$
647

$
667

$
1,129

$
1,285

$
419

$
412

Institutional Clients Group
9,213

8,689

1,327

1,229

2,780

2,615

1,353

1,277

Corporate/Other
653

1,185

(179
)
(173
)
(26
)
147

92

103

Total
$
17,901

$
17,548

$
1,795

$
1,723

$
3,883

$
4,047

$
1,864

$
1,792

(1)
Includes total revenues, net of interest expense (excluding Corporate/Other), in North America of $8.5 billion and $8.1 billion; in EMEA of $2.8 billion and $2.6 billion; in Latin America of $2.3 billion and $2.3 billion; and in Asia of $3.6 billion and $3.4 billion for the three months ended June 30, 2017 and 2016, respectively. These regional numbers exclude Corporate/Other, which largely operates within the U.S.
(2)
Includes pretax provisions for credit losses and for benefits and claims in the GCB results of $1.8 billion and $1.4 billion; in the ICG results of $87 million and $82 million; and in the Corporate/Other results of $(132) million and $(98) million for the three months ended June 30, 2017 and 2016, respectively.
 
Six Months Ended June 30,
 
Revenues,
net of interest expense
(1)
Provision (benefits)
for income taxes
Income (loss) from
continuing operations
(2)
In millions of dollars
2017
2016
2017
2016
2017
2016
Global Consumer Banking
$
15,852

$
15,388

$
1,231

$
1,301

$
2,132

$
2,479

Institutional Clients Group
18,339

16,584

2,702

1,993

5,791

4,484

Corporate/Other
1,830

3,131

(275
)
(92
)
78

592

Total
$
36,021

$
35,103

$
3,658

$
3,202

$
8,001

$
7,555

(1)
Includes total revenues, net of interest expense, in North America of $17.0 billion and $16.0 billion; in EMEA of $5.6 billion and $4.7 billion; in Latin America of $4.6 billion and $4.4 billion; and in Asia of $7.0 billion and $6.9 billion for the six months ended June 30, 2017 and 2016, respectively. Regional numbers exclude Corporate/Other, which largely operates within the U.S.
(2)
Includes pretax provisions for credit losses and for benefits and claims in the GCB results of $3.6 billion and $2.9 billion; in the ICG results of $(118) million and $472 million; and in Corporate/Other results of $(80) million and $72 million for the six months ended June 30, 2017 and 2016, respectively.