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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         (371)   775 [2]    
Treasury stock acquired [3]             (5,167)    
Preferred stock issuance expense         (37)        
Other         (5) 0 [4]     (33)
Citigroup’s net income $ 11,387         11,339     48
Common dividends [5]           (760)      
Preferred dividends (757)         (757)      
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 (11)
Transactions between Citigroup and the noncontrolling-interest shareholders                 (69)
Dividends paid to noncontrolling-interest shareholders                 (42)
Other comprehensive income (loss)               2,166 (13)
Net change in noncontrolling interests                 (120)
Balance, end of period at Sep. 30, 2016 232,690 $ 231,575 19,253 $ 212,322 107,906 143,678 (12,069) (27,193) 1,115
Balance, beginning of period at Jun. 30, 2016               (26,115)  
Increase (Decrease) in Stockholders' Equity                  
Citigroup’s net income 3,857                
Preferred dividends (225)                
Other comprehensive income (loss)               (1,078)  
Balance, end of period at Sep. 30, 2016 232,690 231,575 19,253 212,322 107,906 143,678 (12,069) (27,193) 1,115
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         (137)   526 [2]    
Treasury stock acquired [3]             (9,053)    
Preferred stock issuance expense         0        
Other         (9) (90) [4]     (61)
Citigroup’s net income 12,136         12,095     41
Common dividends [5]           (1,755)      
Preferred dividends (893)         (893)      
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 (3)
Transactions between Citigroup and the noncontrolling-interest shareholders                 (50)
Dividends paid to noncontrolling-interest shareholders                 (44)
Other comprehensive income (loss)               1,986 82
Net change in noncontrolling interests                 (35)
Balance, end of period at Sep. 30, 2017 228,622 227,634 19,253 208,381 107,927 155,174 (24,829) (29,891) 988
Balance, beginning of period at Jun. 30, 2017               (29,899)  
Increase (Decrease) in Stockholders' Equity                  
Citigroup’s net income 4,132                
Preferred dividends (272)                
Other comprehensive income (loss)               8  
Balance, end of period at Sep. 30, 2017 $ 228,622 $ 227,634 $ 19,253 $ 208,381 $ 107,927 $ 155,174 $ (24,829) $ (29,891) $ 988
[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 nine months ended September 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 quarters and $0.32 per share in the third quarter of 2017. Common dividends declared were $0.05 per share in the first and second quarters and $0.16 per share in the third quarter of 2016.