BUSINESS SEGMENTS

Citigroup’s activities are conducted through the following business segments: Global Consumer Banking (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 loan portfolios, discontinued operations and other legacy assets.

The business segments are determined based on products and services provided or type of customers served, of which those identified as non-core are recorded in Corporate/Other and are reflective of how management currently evaluates financial information to make business decisions.

GCB includes a global, full-service consumer franchise delivering a wide array of banking, including commercial banking, credit card lending and investment services through a network of local branches, offices and electronic delivery systems and consists of three GCB businesses: North America, Latin America and Asia (including consumer banking activities in certain EMEA countries).

ICG consists of Banking and Markets and securities services and provides corporate, institutional, public sector and high-net-worth clients in 98 countries and jurisdictions with a broad range of banking and financial products and services.

Corporate/Other includes certain unallocated costs of global functions, other corporate expenses and net treasury results, unallocated corporate expenses, offsets to certain line-item reclassifications and eliminations, the results of certain North America legacy loan portfolios, discontinued operations and unallocated taxes.

The accounting policies of these reportable segments are the same as those disclosed in Note 1 to the Consolidated Financial Statements.

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:


•	the 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 net income (loss) reported in its 2017 Annual Report on Form 10-K remains unchanged for all periods presented as a result of the changes and reclassifications discussed above.

The following table presents certain information regarding the Company’s continuing operations by segment:



	Revenues, net of interest expense⁽¹⁾						Provision (benefits) for income taxes⁽²⁾								Income (loss) from continuing operations⁽²⁾⁽³⁾							Identifiable assets
In millions of dollars, except identifiable assets in billions	2018		2017		2016		2018			2017		2016			2018		2017			2016		2018		2017
Global Consumer Banking	$	33,777	$	32,838	$	31,624	$	1,839		$	3,316	$	2,639		$	5,762	$	3,878		$	4,931	$	432	$	428
Institutional Clients Group	36,994		36,474		33,940		3,631			7,008		4,260			12,200		9,066			9,525		1,394		1,336
Corporate/Other	2,083		3,132		5,233		(113		)	19,064		(455		)	126		(19,571		)	577		91		78
Total	$	72,854	$	72,444	$	70,797	$	5,357		$	29,388	$	6,444		$	18,088	$	(6,627	)	$	15,033	$	1,917	$	1,842

(1)

Includes total revenues, net of interest expense (excluding Corporate/Other), in North America of $33.4 billion, $34.2 billion and $32.6 billion; in EMEA of $11.8 billion, $10.9 billion and $10.0 billion; in Latin America of $10.3 billion, $9.6 billion and $9.1 billion; and in Asia of $15.3 billion, $14.6 billion and $13.9 billion in 2018, 2017 and 2016, respectively. These regional numbers exclude Corporate/Other, which largely operates within the U.S.


(2)	Corporate/Other, GCB and ICG 2017 results include the one-time impact of Tax Reform.


(3)	Includes pretax provisions for credit losses and for benefits and claims in the GCB results of $7.6 billion, $7.6 billion and $6.4 billion; in the ICG results of $184


	million, ($15) million and $486 million; and in Corporate/Other results of ($202) million, ($175) million and $69 million in 2018, 2017 and 2016, respectively.