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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Interest revenue $ 15,201 $ 14,356 $ 29,624 $ 28,523
Interest expense 4,036 3,120 7,602 6,060
Net interest revenue 11,165 11,236 22,022 22,463
Commissions and fees 2,937 2,725 5,696 5,188
Principal transactions 2,562 1,816 5,584 3,656
Administration and other fiduciary fees 1,003 878 1,896 1,689
Realized gains on sales of investments, net 221 200 413 386
Other-than-temporary impairment losses on investments        
Gross impairment losses (20) (118) (32) (583)
Less: Impairments recognized in AOCI 0 0 0 0
Net impairment losses recognized in earnings (20) (118) (32) (583)
Insurance premiums 156 217 325 481
Other revenue (123) 594 117 1,823
Total non-interest revenues 6,736 6,312 13,999 12,640
Total revenues, net of interest expense 17,901 17,548 36,021 35,103
Provisions for credit losses and for benefits and claims        
Provision for loan losses 1,666 1,390 3,341 3,276
Policyholder benefits and claims 23 49 53 137
Provision (release) for unfunded lending commitments 28 (30) (15) 41
Total provisions for credit losses and for benefits and claims 1,717 1,409 3,379 3,454
Operating expenses        
Compensation and benefits 5,463 5,229 10,997 10,785
Premises and equipment 604 642 1,224 1,293
Technology/communication 1,690 1,657 3,349 3,306
Advertising and marketing 432 433 805 823
Other operating 2,317 2,408 4,608 4,685
Total operating expenses 10,506 10,369 20,983 20,892
Income from continuing operations before income taxes 5,678 5,770 11,659 10,757
Provision for income taxes 1,795 1,723 3,658 3,202
Income from continuing operations 3,883 4,047 8,001 7,555
Discontinued operations        
Income (loss) from discontinued operations 33 (36) 5 (39)
Provision (benefit) for income taxes 12 (13) 2 (14)
Income (loss) from discontinued operations, net of taxes 21 (23) 3 (25)
Net income before attribution of noncontrolling interests 3,904 4,024 8,004 7,530
Noncontrolling interests 32 26 42 31
Citigroup’s net income $ 3,872 $ 3,998 $ 7,962 $ 7,499
Basic earnings per share        
Income from continuing operations (in dollars per share) [1] $ 1.27 $ 1.25 $ 2.63 $ 2.36
Loss from discontinued operations, net of taxes (in dollars per share) [1] 0.01 (0.01) 0.00 (0.01)
Net income (in dollars per share) [1] $ 1.28 $ 1.24 $ 2.63 $ 2.35
Weighted average common shares outstanding (in shares) 2,739.1 2,915.8 2,752.2 2,929.4
Diluted earnings per share        
Income from continuing operations (in dollars per share) [1] $ 1.27 $ 1.25 $ 2.63 $ 2.36
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0.01 (0.01) 0.00 (0.01)
Net income (in dollars per share) [1] $ 1.28 $ 1.24 $ 2.63 $ 2.35
Adjusted weighted average common shares outstanding (in shares) 2,739.2 2,915.9 2,752.3 2,929.5
[1] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.