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CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Interest revenue $ 17,550 $ 15,294 $ 33,882 $ 29,815
Interest expense 5,885 4,036 11,045 7,602
Net interest revenue 11,665 11,258 22,837 22,213
Commissions and fees 3,111 3,256 6,141 6,311
Principal transactions 2,151 2,643 5,440 5,737
Administration and other fiduciary fees 934 909 1,839 1,743
Realized gains on sales of investments, net 102 221 272 413
Impairment losses on investments        
Gross impairment losses (15) (20) (43) (32)
Less: Impairments recognized in AOCI 0 0 0 0
Net impairment losses recognized in earnings (15) (20) (43) (32)
Other revenue 521 (112) 855 136
Total non-interest revenues 6,804 6,897 14,504 14,308
Revenue 18,469 18,155 37,341 36,521
Provisions for credit losses and for benefits and claims        
Provision for loan losses 1,795 1,666 3,598 3,341
Policyholder benefits and claims 21 23 47 53
Provision (release) for unfunded lending commitments (4) 28 24 (15)
Total provisions for credit losses and for benefits and claims 1,812 1,717 3,669 3,379
Operating expenses        
Compensation and benefits 5,452 5,463 11,259 10,997
Premises and equipment 570 604 1,163 1,224
Technology/communication 1,797 1,695 3,555 3,358
Advertising and marketing 411 432 792 805
Other operating 2,482 2,566 4,868 5,099
Total operating expenses 10,712 10,760 21,637 21,483
Income from continuing operations before income taxes 5,945 5,678 12,035 11,659
Provision for income taxes 1,444 1,795 2,885 3,658
Income from continuing operations 4,501 3,883 9,150 8,001
Discontinued operations        
Income (loss) from discontinued operations (2) 33 (9) 5
Provision (benefit) for income taxes (17) 12 (17) 2
Income from discontinued operations, net of taxes 15 21 8 3
Net income before attribution of noncontrolling interests 4,516 3,904 9,158 8,004
Noncontrolling interests 26 32 48 42
Citigroup’s net income $ 4,490 $ 3,872 $ 9,110 $ 7,962
Basic earnings per share        
Income from continuing operations (in dollars per share) [1] $ 1.62 $ 1.27 $ 3.30 $ 2.63
Income from discontinued operations, net of taxes (in dollars per share) [1] 0.01 0.01 0.01 0.00
Net income (in dollars per share) [1] $ 1.63 $ 1.28 $ 3.31 $ 2.63
Weighted average common shares outstanding (in shares) 2,530.9 2,739.1 2,546.2 2,752.2
Diluted earnings per share        
Income from continuing operations (in dollars per share) [1] $ 1.62 $ 1.27 $ 3.30 $ 2.63
Income (loss) from discontinued operations, net of taxes (in dollars per share) [1] 0.01 0.01 0.01 0.00
Net income (in dollars per share) [1] $ 1.63 $ 1.28 $ 3.31 $ 2.63
Adjusted weighted average common shares outstanding (in shares) 2,532.3 2,739.2 2,547.6 2,752.3
[1] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.