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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)
 9 Months Ended
Sep. 30, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)
Changes in each component of Citigroup’s Accumulated other comprehensive income (loss) were as follows:
Three Months Ended September 30, 2017
In millions of dollars
Net
unrealized
gains (losses)
on investment securities
Debt valuation adjustment (DVA)
Cash flow hedges(1)
Benefit plans(2)
Foreign
currency
translation
adjustment (CTA), net of hedges(3)
Accumulated
other
comprehensive income (loss)
Balance, June 30, 2017
$
(102
)
$
(496
)
$
(445
)
$
(5,311
)
$
(23,545
)
$
(29,899
)
Other comprehensive income before reclassifications
60

(125
)
(27
)
(71
)
218

55

Increase (decrease) due to amounts reclassified from AOCI
(126
)
2

35

42

—

(47
)
Change, net of taxes
$
(66
)
$
(123
)
$
8

$
(29
)
$
218

$
8

Balance at September 30, 2017
$
(168
)
$
(619
)
$
(437
)
$
(5,340
)
$
(23,327
)
$
(29,891
)
Nine Months Ended September 30, 2017
In millions of dollars
Net
unrealized
gains (losses)
on investment securities
Debt valuation adjustment (DVA)
Cash flow hedges(1)
Benefit plans(2)
Foreign
currency
translation
adjustment (CTA), net of hedges(3)
Accumulated
other
comprehensive income (loss)
Balance, December 31, 2016
$
(799
)
$
(352
)
$
(560
)
$
(5,164
)
$
(25,506
)
$
(32,381
)
Adjustment to opening balance, net of taxes(4)
504

—

—

—

—

504

Adjusted balance, beginning of period
$
(295
)
$
(352
)
$
(560
)
$
(5,164
)
$
(25,506
)
$
(31,877
)
Other comprehensive income before reclassifications
495

(259
)
59

(293
)
2,326

2,328

Increase (decrease) due to amounts reclassified from AOCI
(368
)
(8
)
64

117

(147
)
(342
)
Change, net of taxes 
$
127

$
(267
)
$
123

$
(176
)
$
2,179

$
1,986

Balance at September 30, 2017
$
(168
)
$
(619
)
$
(437
)
$
(5,340
)
$
(23,327
)
$
(29,891
)
Three Months Ended September 30, 2016
In millions of dollars
Net
unrealized
gains (losses)
on investment securities
Debt valuation adjustment (DVA)
Cash flow hedges(1)
Benefit
plans(2)
Foreign
currency
translation
adjustment (CTA), net of hedges(3)
Accumulated
other
comprehensive income (loss)
Balance, June 30, 2016
$
2,054

$
190

$
(149
)
$
(5,608
)
$
(22,602
)
$
(26,115
)
Other comprehensive income before reclassifications
(270
)
(197
)
(136
)
(28
)
(375
)
(1,006
)
Increase (decrease) due to amounts reclassified from AOCI
(162
)
(3
)
53

40

—

(72
)
Change, net of taxes 
$
(432
)
$
(200
)
$
(83
)
$
12

$
(375
)
$
(1,078
)
Balance, September 30, 2016
$
1,622

$
(10
)
$
(232
)
$
(5,596
)
$
(22,977
)
$
(27,193
)
Nine Months Ended September 30, 2016
In millions of dollars
Net
unrealized
gains (losses)
on investment securities
Debt valuation adjustment (DVA)
Cash flow hedges(1)
Benefit plans(2)
Foreign
currency
translation
adjustment (CTA), net of hedges(3)
Accumulated
other
comprehensive income (loss)
Balance, December 31, 2015
$
(907
)
$
—

$
(617
)
$
(5,116
)
$
(22,704
)
$
(29,344
)
Adjustment to opening balance, net of taxes (5)
—

(15
)
—

—

—

(15
)
Adjusted balance, beginning of period
$
(907
)
$
(15
)
$
(617
)
$
(5,116
)
$
(22,704
)
$
(29,359
)
Other comprehensive income before reclassifications
2,781

11

270

(594
)
(273
)
2,195

Increase (decrease) due to amounts reclassified from AOCI
(252
)
(6
)
115

114

—

(29
)
Change, net of taxes
$
2,529

$
5

$
385

$
(480
)
$
(273
)
$
2,166

Balance, September 30, 2016
$
1,622

$
(10
)
$
(232
)
$
(5,596
)
$
(22,977
)
$
(27,193
)
(1)
Primarily driven by Citigroup’s pay fixed/receive floating interest rate swap programs that hedge the floating rates on liabilities.
(2)
Primarily reflects adjustments based on the quarterly actuarial valuations of the Company’s Significant pension and postretirement plans, annual actuarial valuations of all other plans, and amortization of amounts previously recognized in other comprehensive income.
(3)
Primarily reflects the movements in (by order of impact) the Euro, British pound, Chilean peso, and Brazilian real against the U.S. dollar, and changes in related tax effects and hedges for the quarter ended September 30, 2017. Primarily reflects the movements in (by order of impact) the Mexican peso, Euro, Korean won, and Polish zloty against the U.S. dollar, and changes in related tax effects and hedges for the quarter nine months ended September 30, 2017. Primarily reflects the movements in (by order of impact) the Mexican peso, Korean won, Japanese yen, and Australian dollar for the quarter ended September 30, 2016. Primarily reflects the movements in (by order of impact) the Mexican peso, Japanese yen, Brazilian real and Korean won against the U.S. dollar, and changes in related tax effects and hedges for the quarter and nine months ended September 30, 2016.
(4)
In the second quarter of 2017, Citi early adopted ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.  Upon adoption, a cumulative effect adjustment was recorded to reduce retained earnings, effective January 1, 2017, for the incremental amortization of cumulative fair value hedge adjustments on callable state and municipal debt securities.  For additional information, see Note 1 to the Consolidated Financial Statements.
(5)
Beginning in the first quarter of 2016, changes in DVA are reflected as a component of AOCI, pursuant to the early adoption of only the provisions of ASU 2016-01 relating to the presentation of DVA on fair value option liabilities. See Note 1 to the Consolidated Financial Statements for further information regarding this change.

The pretax and after-tax changes in each component of Accumulated other comprehensive income (loss) were as follows:
Three Months Ended September 30, 2017
In millions of dollars
Pretax
Tax effect
After-tax
Balance, June 30, 2017
$
(39,106
)
$
9,207

$
(29,899
)
Change in net unrealized gains (losses) on investment securities
(107
)
41

(66
)
Debt valuation adjustment (DVA)
(195
)
72

(123
)
Cash flow hedges
12

(4
)
8

Benefit plans
(45
)
16

(29
)
Foreign currency translation adjustment
285

(67
)
218

Change
$
(50
)
$
58

$
8

Balance, September 30, 2017
$
(39,156
)
$
9,265

$
(29,891
)

Nine Months Ended September 30, 2017
In millions of dollars
Pretax
Tax effect
After-tax
Balance, December 31, 2016
$
(42,035
)
$
9,654

$
(32,381
)
Adjustment to opening balance (1)
803

(299
)
504

Adjusted balance, beginning of period
$
(41,232
)
$
9,355

$
(31,877
)
Change in net unrealized gains (losses) on investment securities
194

(67
)
127

Debt valuation adjustment (DVA)
(422
)
155

(267
)
Cash flow hedges
198

(75
)
123

Benefit plans
(266
)
90

(176
)
Foreign currency translation adjustment
2,372

(193
)
2,179

Change
$
2,076

$
(90
)
$
1,986

Balance, September 30, 2017
$
(39,156
)
$
9,265

$
(29,891
)

(1)
In the second quarter of 2017, Citi early adopted ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities.  Upon adoption, a cumulative effect adjustment was recorded to reduce retained earnings, effective January 1, 2017, for the incremental amortization of cumulative fair value hedge adjustments on callable state and municipal debt securities.  For additional information, see Note 1 to the Consolidated Financial Statements.

Three Months Ended September 30, 2016
In millions of dollars
Pretax
Tax effect
After-tax
Balance, June 30, 2016
$
(33,714
)
$
7,599

$
(26,115
)
Change in net unrealized gains (losses) on investment securities
(686
)
254

(432
)
Debt valuation adjustment (DVA)
(319
)
119

(200
)
Cash flow hedges
(131
)
48

(83
)
Benefit plans
11

1

12

Foreign currency translation adjustment
(313
)
(62
)
(375
)
Change
$
(1,438
)
$
360

$
(1,078
)
Balance, September 30, 2016
$
(35,152
)
$
7,959

$
(27,193
)

Nine Months Ended September 30, 2016
In millions of dollars
Pretax
Tax effect
After-tax
Balance, December 31, 2015
$
(38,440
)
$
9,096

$
(29,344
)
Adjustment to opening balance (1)
(26
)
11

(15
)
Adjusted balance, beginning of period
$
(38,466
)
$
9,107

$
(29,359
)
Change in net unrealized gains (losses) on investment securities
4,020

(1,491
)
2,529

Debt valuation adjustment (DVA)
8

(3
)
5

Cash flow hedges
607

(222
)
385

Benefit plans
(747
)
267

(480
)
Foreign currency translation adjustment
(574
)
301

(273
)
Change
$
3,314

$
(1,148
)
$
2,166

Balance, September 30, 2016
$
(35,152
)
$
7,959

$
(27,193
)

(1)
Represents the ($15) million adjustment related to the initial adoption of ASU 2016-01. See Note 1 to the Consolidated Financial Statements.
The Company recognized pretax gain (loss) related to amounts in AOCI reclassified to the Consolidated Statement of Income as follows:
 
Increase (decrease) in AOCI due to amounts reclassified to Consolidated Statement of Income
 
Three Months Ended September 30,
Nine Months Ended September 30,
In millions of dollars
2017
2017
Realized (gains) losses on sales of investments
$
(213
)
$
(626
)
OTTI gross impairment losses
15

47

Subtotal, pretax
$
(198
)
$
(579
)
Tax effect
72

211

Net realized (gains) losses on investment securities, after-tax(1)
$
(126
)
$
(368
)
Realized DVA (gains) losses on fair value option liabilities
$
3

$
(13
)
Subtotal, pretax
$
3

$
(13
)
Tax effect
(1
)
5

Net realized debt valuation adjustment, after-tax
$
2

$
(8
)
Interest rate contracts
$
48

$
94

Foreign exchange contracts
7

8

Subtotal, pretax
$
55

$
102

Tax effect
(20
)
(38
)
Amortization of cash flow hedges, after-tax(2)
$
35

$
64

Amortization of unrecognized
 
 
Prior service cost (benefit)
$
(10
)
$
(32
)
Net actuarial loss
70

203

Curtailment/settlement impact(3)
5

12

Subtotal, pretax
$
65

$
183

Tax effect
(23
)
(66
)
Amortization of benefit plans, after-tax(3)
$
42

$
117

Foreign currency translation adjustment
$
—

$
(232
)
Tax effect
—

85

   Foreign currency translation adjustment
$
—

$
(147
)
Total amounts reclassified out of AOCI, pretax
$
(75
)
$
(539
)
Total tax effect
28

197

Total amounts reclassified out of AOCI, after-tax
$
(47
)
$
(342
)
(1)
The pretax amount is reclassified to Realized gains (losses) on sales of investments, net and Gross impairment losses on the Consolidated Statement of Income. See Note 12 to the Consolidated Financial Statements for additional details.
(2)
See Note 19 to the Consolidated Financial Statements for additional details.
(3)
See Note 8 to the Consolidated Financial Statements for additional details.
The Company recognized pretax gain (loss) related to amounts in AOCI reclassified to the Consolidated Statement of Income as follows:
 
Increase (decrease) in AOCI due to amounts reclassified to Consolidated Statement of Income
 
Three Months Ended September 30,
Nine Months Ended September 30,
In millions of dollars
2016
2016
Realized (gains) losses on sales of investments
$
(287
)
$
(673
)
OTTI gross impairment losses
32

283

Subtotal, pretax
$
(255
)
$
(390
)
Tax effect
93

138

Net realized (gains) losses on investment securities, after-tax(1)
$
(162
)
$
(252
)
Realized DVA (gains) losses on fair value option liabilities
$
(5
)
$
(10
)
Subtotal, pretax
$
(5
)
$
(10
)
Tax effect
$
2

$
4

Net realized debt valuation adjustment, after-tax
$
(3
)
$
(6
)
Interest rate contracts
$
39

$
96

Foreign exchange contracts
46

89

Subtotal, pretax
$
85

$
185

Tax effect
(32
)
(70
)
Amortization of cash flow hedges, after-tax(2)
$
53

$
115

Amortization of unrecognized
 
 
Prior service cost (benefit)
$
(10
)
$
(31
)
Net actuarial loss
73

208

Curtailment/settlement impact(3)
8

9

Subtotal, pretax
$
71

$
186

Tax effect
(31
)
(72
)
Amortization of benefit plans, after-tax(3)
$
40

$
114

Foreign currency translation adjustment
$
—

$
—

Total amounts reclassified out of AOCI, pretax
$
(104
)
$
(29
)
Total tax effect
32

—

Total amounts reclassified out of AOCI, after-tax
$
(72
)
$
(29
)

(1)
The pretax amount is reclassified to Realized gains (losses) on sales of investments, net and Gross impairment losses on the Consolidated Statement of Income. See Note 12 to the Consolidated Financial Statements for additional details.
(2)
See Note 19 to the Consolidated Financial Statements for additional details.
(3)
See Note 8 to the Consolidated Financial Statements for additional details.