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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Interest revenue $ 15,821 $ 14,653 $ 45,445 $ 43,176
Interest expense 4,379 3,174 11,981 9,234
Net interest revenue 11,442 11,479 33,464 33,942
Commissions and fees 2,931 2,644 8,627 7,832
Principal transactions 2,170 2,238 7,754 5,894
Administration and other fiduciary fees 1,010 862 2,906 2,551
Realized gains on sales of investments, net 213 287 626 673
Other-than-temporary impairment losses on investments        
Gross impairment losses (15) (32) (47) (615)
Less: Impairments recognized in AOCI 0 0 0 0
Net impairment losses recognized in earnings (15) (32) (47) (615)
Insurance premiums 166 184 491 665
Other revenue 256 98 373 1,921
Total non-interest revenues 6,731 6,281 20,730 18,921
Total revenues, net of interest expense 18,173 17,760 54,194 52,863
Provisions for credit losses and for benefits and claims        
Provision for loan losses 2,146 1,746 5,487 5,022
Policyholder benefits and claims 28 35 81 172
Release for unfunded lending commitments (175) (45) (190) (4)
Total provisions for credit losses and for benefits and claims 1,999 1,736 5,378 5,190
Operating expenses        
Compensation and benefits 5,304 5,203 16,301 15,988
Premises and equipment 608 624 1,832 1,917
Technology/communication 1,759 1,694 5,108 5,000
Advertising and marketing 417 403 1,222 1,226
Other operating 2,083 2,480 6,691 7,165
Total operating expenses 10,171 10,404 31,154 31,296
Income from continuing operations before income taxes 6,003 5,620 17,662 16,377
Provision for income taxes 1,866 1,733 5,524 4,935
Income from continuing operations 4,137 3,887 12,138 11,442
Discontinued operations        
Loss from discontinued operations (9) (37) (4) (76)
Benefit for income taxes (4) (7) (2) (21)
Loss from discontinued operations, net of taxes (5) (30) (2) (55)
Net income before attribution of noncontrolling interests 4,132 3,857 12,136 11,387
Noncontrolling interests (1) 17 41 48
Citigroup’s net income $ 4,133 $ 3,840 $ 12,095 $ 11,339
Basic earnings per share        
Income from continuing operations (in dollars per share) [1] $ 1.42 $ 1.25 $ 4.05 $ 3.60
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0.00 (0.01) 0.00 (0.02)
Net income (in dollars per share) [1] $ 1.42 $ 1.24 $ 4.05 $ 3.58
Weighted average common shares outstanding (in shares) 2,683.6 2,879.9 2,729.3 2,912.9
Diluted earnings per share        
Income from continuing operations (in dollars per share) [1] $ 1.42 $ 1.25 $ 4.05 $ 3.60
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0.00 (0.01) 0.00 (0.02)
Net income (in dollars per share) [1] $ 1.42 $ 1.24 $ 4.05 $ 3.58
Adjusted weighted average common shares outstanding (in shares) 2,683.7 2,880.1 2,729.5 2,913.0
[1] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.