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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     2,535            
Employee benefit plans         (516)   773 [2]    
Treasury stock acquired [3]             (2,634)    
Preferred stock issuance expense         (37)        
Other         (5) 0 [4]     (25)
Citigroup’s net income $ 7,530         7,499     31
Common dividends [5]           (296)      
Preferred dividends (532)         (532)      
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 (11)
Transactions between Citigroup and the noncontrolling-interest shareholders                 (73)
Dividends paid to noncontrolling-interest shareholders                 (1)
Other comprehensive income (loss)               3,244 (23)
Net change in noncontrolling interests                 (102)
Balance, end of period at Jun. 30, 2016 233,021 $ 231,888 19,253 $ 212,635 107,761 140,527 (9,538) (26,115) 1,133
Balance, beginning of period at Mar. 31, 2016               (26,626)  
Increase (Decrease) in Stockholders' Equity                  
Citigroup’s net income 4,024                
Preferred dividends (322)                
Other comprehensive income (loss)               511  
Balance, end of period at Jun. 30, 2016 233,021 231,888 19,253 212,635 107,761 140,527 (9,538) (26,115) 1,133
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]           (660)   504  
Adjusted balance, beginning of period at Dec. 31, 2016           145,817   (31,877)  
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     0            
Employee benefit plans         (239)   523 [2]    
Treasury stock acquired [3]             (3,563)    
Preferred stock issuance expense         0        
Other         (5) (90) [4]     (53)
Citigroup’s net income 8,004         7,962     42
Common dividends [5]           (890)      
Preferred dividends (621)         (621)      
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 0
Transactions between Citigroup and the noncontrolling-interest shareholders                 6
Dividends paid to noncontrolling-interest shareholders                 0
Other comprehensive income (loss)               1,978 70
Net change in noncontrolling interests                 65
Balance, end of period at Jun. 30, 2017 231,107 230,019 19,253 210,766 107,829 152,178 (19,342) (29,899) 1,088
Balance, beginning of period at Mar. 31, 2017               (30,413)  
Increase (Decrease) in Stockholders' Equity                  
Citigroup’s net income 3,904                
Preferred dividends (320)                
Other comprehensive income (loss)               514  
Balance, end of period at Jun. 30, 2017 $ 231,107 $ 230,019 $ 19,253 $ 210,766 $ 107,829 $ 152,178 $ (19,342) $ (29,899) $ 1,088
[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] For the six months ended June 30, 2017 and 2016, primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.
[4] 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.
[5] Common dividends declared were $0.16 per share in the first and second quarter of 2017 and $0.05 per share in the first and second quarter of 2016.