BUSINESS SEGMENTS

6 Months Ended

Jun. 30, 2019

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 prior-period balances reflect reclassifications to conform the presentation for all periods to the current period’s presentation. Effective January 1, 2019, financial data was reclassified to reflect:


•	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 2018 Annual Report on Form 10-K.

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



	Three Months Ended June 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	2019		2018		2019		2018		2019		2018			June 30, 2019		December 31, 2018
Global Consumer Banking	$	8,505	$	8,244	$	417	$	411	$	1,413	$	1,276		$	437	$	432
Institutional Clients Group	9,721		9,697		919		971		3,343		3,241			1,454		1,394
Corporate/Other	532		528		37		62		36		(16		)	97		91
Total	$	18,758	$	18,469	$	1,373	$	1,444	$	4,792	$	4,501		$	1,988	$	1,917

(1)

Includes total revenues, net of interest expense (excluding Corporate/Other), in North America of $8.6 billion and $8.6 billion; in EMEA of $3.0 billion and $3.0 billion; in Latin America of $2.6 billion and $2.5 billion; and in Asia of $4.0 billion and $3.8 billion for the three months ended June 30, 2019 and 2018, 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 $2.0 billion and $1.9 billion; in the ICG results of $103 million and $25 million; and in the Corporate/Other results of $(22) million and $(118) million for the three months ended June 30, 2019 and 2018, respectively.



	Six Months Ended June 30,
	Revenues, net of interest expense⁽¹⁾				Provision (benefits) for income taxes						Income (loss) from continuing operations⁽²⁾
In millions of dollars	2019		2018		2019			2018			2019		2018
Global Consumer Banking	$	16,956	$	16,670	$	839		$	865		$	2,850	$	2,666
Institutional Clients Group	19,415		19,552		1,843			2,027			6,665		6,575
Corporate/Other	963		1,119		(34		)	(7		)	14		(91		)
Total	$	37,334	$	37,341	$	2,648		$	2,885		$	9,529	$	9,150


(1)	Includes total revenues, net of interest expense, in North America of $17.0 billion and $16.9 billion; in EMEA of $6.1 billion and $6.2 billion; in Latin America of $5.2 billion and $5.1 billion; and in Asia of $8.1 billion and $8.0 billion for the six months ended June 30, 2019 and 2018, 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 $4.0 billion and $3.8 billion; in the ICG results of $124 million and $(16) million; and in the Corporate/Other results of $(47) million and $(125) million for the six months ended June 30, 2019 and 2018, respectively.