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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, 2016     $ 19,253   $ 108,073 $ 146,477 $ (16,302) $ (32,381) $ 1,023
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     0            
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                  
Employee benefit plans         (239)   523 [2]    
Other         (5) (90) [3]     (53)
Citigroup’s net income $ 8,004         7,962     42
Distributions paid to noncontrolling-interest shareholders                 0
Common dividends [4]           (890)      
Preferred dividends (621)         (621)      
Treasury stock acquired [5]             (3,563)    
Citigroup's total other comprehensive income (loss)               1,978 70
Transactions between Citigroup and the noncontrolling-interest shareholders                 6
Net change in noncontrolling interests                 65
Balance, end of period at Jun. 30, 2017 231,107 $ 230,019 19,253 $ 210,766 107,829 152,178 (19,342) (29,899) 1,088
Balance, beginning of period at Mar. 31, 2017               (30,413)  
Increase (Decrease) in Stockholders' Equity                  
Citigroup’s net income 3,904                
Preferred dividends (320)                
Citigroup's total other comprehensive income (loss)               514  
Balance, end of period at Jun. 30, 2017 231,107 230,019 19,253 210,766 107,829 152,178 (19,342) (29,899) 1,088
Balance, beginning of period at Dec. 31, 2017 201,672   19,253   108,039 138,425 (30,309) (34,668) 932
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     (218)            
Adjustment to opening balance, net of taxes at Dec. 31, 2017 [1]           (84)   (3)  
Adjusted balance, beginning of period at Dec. 31, 2017           138,341   (34,671)  
Increase (Decrease) in Stockholders' Equity                  
Employee benefit plans         (285)   471 [2]    
Other         1 0 [3]     (11)
Citigroup’s net income 9,158         9,110     48
Distributions paid to noncontrolling-interest shareholders                 (36)
Common dividends [4]           (1,650)      
Preferred dividends (590)         (590)      
Treasury stock acquired [5]             (4,575)    
Citigroup's total other comprehensive income (loss)               (2,823) (43)
Transactions between Citigroup and the noncontrolling-interest shareholders                 (16)
Net change in noncontrolling interests                 (58)
Balance, end of period at Jun. 30, 2018 200,968 200,094 19,035 181,059 107,755 145,211 (34,413) (37,494) 874
Balance, beginning of period at Mar. 31, 2018               (34,619)  
Increase (Decrease) in Stockholders' Equity                  
Citigroup’s net income 4,516                
Preferred dividends (318)                
Citigroup's total other comprehensive income (loss)               (2,875)  
Balance, end of period at Jun. 30, 2018 $ 200,968 $ 200,094 $ 19,035 $ 181,059 $ 107,755 $ 145,211 $ (34,413) $ (37,494) $ 874
[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] 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.
[4] Common dividends declared were $0.32 per share in the first and second quarters of 2018 and $0.16 per share in the first and second quarters of 2017.
[5] For the six months ended June 30, 2018 and 2017, primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.