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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation of the income and share data used in the basic and diluted earnings per share computations
The following table reconciles the income and share data used in the basic and diluted earnings per share (EPS) computations:
 
Three Months Ended September 30,
Nine Months Ended September 30,
In millions, except per-share amounts
2017
2016
2017
2016
Income from continuing operations before attribution of noncontrolling interests
$
4,137

$
3,887

$
12,138

$
11,442

Less: Noncontrolling interests from continuing operations
(1
)
17

41

48

Net income from continuing operations (for EPS purposes)
$
4,138

$
3,870

$
12,097

$
11,394

Income (loss) from discontinued operations, net of taxes
(5
)
(30
)
(2
)
(55
)
Citigroup's net income
$
4,133

$
3,840

$
12,095

$
11,339

Less: Preferred dividends(1)
272

225

893

757

Net income available to common shareholders
$
3,861

$
3,615

$
11,202

$
10,582

Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to basic EPS
53

53

156

145

Net income allocated to common shareholders for basic EPS
$
3,808

$
3,562

$
11,046

$
10,437

Net income allocated to common shareholders for diluted EPS
3,808

3,562

$
11,046

$
10,437

Weighted-average common shares outstanding applicable to basic EPS
2,683.6

2,879.9

2,729.3

2,912.9

Effect of dilutive securities(2)
 
 
 

 
   Options(3)
0.1

0.1

0.1

0.1

Other employee plans
—

0.1

—

0.1

Adjusted weighted-average common shares outstanding applicable to diluted EPS(4)
2,683.7

2,880.1

2,729.5

2,913.0

Basic earnings per share(5)
 
 
 

  
Income from continuing operations
$
1.42

$
1.25

$
4.05

$
3.60

Discontinued operations
—

(0.01
)
—

(0.02
)
Net income
$
1.42

$
1.24

$
4.05

$
3.58

Diluted earnings per share(5)
 
 
 
  
Income from continuing operations
$
1.42

$
1.25

$
4.05

$
3.60

Discontinued operations
—

(0.01
)
—

(0.02
)
Net income
$
1.42

$
1.24

$
4.05

$
3.58

(1)
As of September 30, 2017, Citi estimates it will distribute preferred dividends of approximately $320 million during the remainder of 2017, assuming such dividends are declared by the Citi Board of Directors.
(2)
Warrants issued to the U.S. Treasury as part of the Troubled Asset Relief Program (TARP) and the loss-sharing agreement (all of which were subsequently sold to the public in January 2011), with exercise prices of $178.50 and $105.27 per share for approximately 21.0 million and 25.5 million shares of Citigroup common stock, respectively. Both warrants were not included in the computation of earnings per share in the three and nine months ended September 30, 2017 and 2016 because they were anti-dilutive.
(3)
During the third quarters of 2017 and 2016, weighted-average options to purchase 0.8 million and 3.6 million shares of common stock, respectively, were outstanding, but not included in the computation of earnings per share because the weighted-average exercise prices of $206.70 and $85.92 per share, respectively, were anti-dilutive.
(4)
Due to rounding, common shares outstanding applicable to basic EPS and the effect of dilutive securities may not sum to common shares outstanding applicable to diluted EPS.
(5)
Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.