XML 42 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
BUSINESS SEGMENTS
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
Citigroup’s activities are conducted through the following business segments: GCB and Institutional Clients Group (ICG). In addition, Corporate/Other includes activities not assigned to a specific business segment, as well as certain North America and international loan portfolios, discontinued operations and other legacy assets.
The prior-period balances reflect reclassifications to conform the presentation for all periods to the current period’s presentation. Effective January 1, 2018, financial data was reclassified to reflect:

adoption of ASU No. 2014-09, Revenue Recognition, which occurred on January 1, 2018 on a retrospective basis. See “Accounting Changes” in Note 1 to the Consolidated Financial Statements;
the re-attribution of certain costs between Corporate/Other and GCB and ICG; and
certain other immaterial reclassifications.

Citi’s consolidated results remain unchanged for all periods presented as a result of the changes and reclassifications discussed above.

For additional information regarding Citigroup’s business segments, see Note 3 to the Consolidated Financial Statements in Citi’s 2017 Annual Report on Form 10-K.
The following table presents certain information regarding the Company’s continuing operations by segment:














 
Three Months Ended September 30,
 
 
 
Revenues,
net of interest expense
(1)
Provision (benefits)
for income taxes
Income (loss) from
continuing operations
(2)
Identifiable assets
In millions of dollars, except identifiable assets in billions
2018
2017
2018
2017
2018
2017
September 30,
2018
December 31, 2017
Global Consumer Banking
$
8,654

$
8,470

$
493

$
635

$
1,567

$
1,170

$
427

$
428

Institutional Clients Group
9,241

9,430

862

1,394

3,117

3,062

1,404

1,336

Corporate/Other
494

519

116

(163
)
(51
)
(95
)
94

78

Total
$
18,389

$
18,419

$
1,471

$
1,866

$
4,633

$
4,137

$
1,925

$
1,842

(1)
Includes total revenues, net of interest expense (excluding Corporate/Other), in North America of $8.5 billion and $8.9 billion; in EMEA of $2.9 billion and $2.7 billion; in Latin America of $2.7 billion and $2.5 billion; and in Asia of $3.8 billion and $3.8 billion for the three months ended September 30, 2018 and 2017, respectively. These regional numbers exclude Corporate/Other, which largely operates within the U.S.
(2)
Includes pretax provisions for credit losses and for benefits and claims in the GCB results of $1.9 billion and $2.2 billion; in the ICG results of $71 million and $(164) million; and in the Corporate/Other results of $(30) million and $(50) million for the three months ended September 30, 2018 and 2017, respectively.

 
Nine Months Ended September 30,
 
Revenues,
net of interest expense
(1)
Provision (benefits)
for income taxes
Income (loss) from
continuing operations
(2)
In millions of dollars
2018
2017
2018
2017
2018
2017
Global Consumer Banking
$
25,337

$
24,389

$
1,357

$
1,863

$
4,240

$
3,296

Institutional Clients Group
28,780

28,170

2,890

4,096

9,683

8,853

Corporate/Other
1,613

2,381

109

(435
)
(140
)
(11
)
Total
$
55,730

$
54,940

$
4,356

$
5,524

$
13,783

$
12,138


(1)
Includes total revenues, net of interest expense, in North America of $25.4 billion and $26.0 billion; in EMEA of $9.1 billion and $8.4 billion; in Latin America of $7.8 billion and $7.2 billion; and in Asia of $11.8 billion and $10.9 billion for the nine months ended September 30, 2018 and 2017, respectively. Regional numbers exclude Corporate/Other, which largely operates within the U.S.
(2)
Includes pretax provisions for credit losses and for benefits and claims in the GCB results of $5.7 billion and $5.8 billion; in the ICG results of $55 million and $(282) million; and in Corporate/Other results of $(155) million and $(130) million for the nine months ended September 30, 2018 and 2017, respectively.