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DISCONTINUED OPERATIONS AND SIGNIFICANT DISPOSALS
 6 Months Ended
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS AND SIGNIFICANT DISPOSALS
DISCONTINUED OPERATIONS AND SIGNIFICANT DISPOSALS

Summary of Discontinued Operations
Citi sold its German retail banking operations and Egg Banking plc credit card business in 2008 and 2011, respectively. Residual items from these disposals mainly related to reversal of reserves associated with agreed tax settlement and expirations of certain warranties and indemnifications, resulted in income from Discontinued operations, net of taxes, as summarized below. All Discontinued operations results are recorded within Corporate/Other.
The following summarizes financial information for all
discontinued operations:
 
Three Months Ended
June 30,
Six Months Ended
June 30,
In millions of dollars
2018
2017
2018
2017
Total revenues, net of interest expense
$
—

$
—

$
—

$
—

(Loss) income from discontinued operations
$
(2
)
$
33

$
(9
)
$
5

(Benefit) provision for income taxes
(17
)
12

(17
)
2

Income from discontinued operations, net of taxes
$
15

$
21

$
8

$
3



Cash flows for discontinued operations were not material for the periods presented.

Significant Disposals
There were no new significant disposal transactions during the three and six months ended June 30, 2018. For a description of the Company’s significant disposal transactions and financial impact, see Note 2 to the Consolidated Financial Statements in Citi’s 2017 Annual Report on Form 10-K.