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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Interest revenue $ 16,332 $ 14,521
Interest expense 5,160 3,566
Net interest revenue 11,172 10,955
Commissions and fees 3,030 3,055
Principal transactions 3,289 3,094
Administration and other fiduciary fees 905 834
Realized gains on sales of investments, net 170 192
Impairment losses on investments    
Gross impairment losses (28) (12)
Less: Impairments recognized in AOCI 0 0
Net impairment losses recognized in earnings (28) (12)
Other revenue 334 248
Total non-interest revenues 7,700 7,411
Total revenues, net of interest expense 18,872 18,366
Provisions for credit losses and for benefits and claims    
Provision for loan losses 1,803 1,675
Policyholder benefits and claims 26 30
Release for unfunded lending commitments 28 (43)
Total provisions for credit losses and for benefits and claims 1,857 1,662
Operating expenses    
Compensation and benefits 5,807 5,534
Premises and equipment 593 620
Technology/communication 1,758 1,663
Advertising and marketing 381 373
Other operating 2,386 2,533
Total operating expenses 10,925 10,723
Income from continuing operations before income taxes 6,090 5,981
Provision for income taxes 1,441 1,863
Income from continuing operations 4,649 4,118
Discontinued operations    
Loss from discontinued operations (7) (28)
Benefit for income taxes 0 (10)
Loss from discontinued operations, net of taxes (7) (18)
Net income before attribution of noncontrolling interests 4,642 4,100
Noncontrolling interests 22 10
Citigroup’s net income $ 4,620 $ 4,090
Basic earnings per share    
Income from continuing operations (in dollars per share) [1] $ 1.68 $ 1.36
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0.00 (0.01)
Net income (in dollars per share) [1] $ 1.68 $ 1.35
Weighted average common shares outstanding (in shares) 2,561.6 2,765.3
Diluted earnings per share    
Income from continuing operations (in dollars per share) [1] $ 1.68 $ 1.36
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0.00 (0.01)
Net income (in dollars per share) [1] $ 1.68 $ 1.35
Adjusted weighted average common shares outstanding (in shares) 2,563.0 2,765.5
[1] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.