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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, 2017     $ 19,253   $ 108,039 $ 138,425 $ (30,309) $ (34,668) $ 932
Adjustment to opening balance, net of taxes at Dec. 31, 2017           (84) [1]   (3)  
Adjusted balance, beginning of period at Dec. 31, 2017           138,341   (34,671)  
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     (218)            
Employee benefit plans         (285)   471 [2]    
Other         1 0 [3]     (11)
Citigroup’s net income $ 9,158         9,110     48
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)
Distributions paid to noncontrolling-interest shareholders                 (36)
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     19,156   107,630 141,863 (32,115) (34,619) 951
Adjustment to opening balance, net of taxes at Mar. 31, 2018           0 [1]   0  
Adjusted balance, beginning of period at Mar. 31, 2018           141,863   (34,619)  
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     (121)            
Employee benefit plans         120   2 [2]    
Other         5 0 [3]     (9)
Citigroup’s net income 4,516         4,490     26
Common dividends [4]           (824)      
Preferred dividends (318)         (318)      
Treasury stock acquired [5]             (2,300)    
Citigroup's total other comprehensive income (loss)               (2,875) (57)
Transactions between Citigroup and the noncontrolling-interest shareholders                 (1)
Distributions paid to noncontrolling-interest shareholders                 (36)
Net change in noncontrolling interests                 (77)
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 Dec. 31, 2018 197,074   18,460   107,953 151,347 (44,370) (37,170) 854
Adjustment to opening balance, net of taxes at Dec. 31, 2018           151 [1]   0  
Adjusted balance, beginning of period at Dec. 31, 2018           151,498   (37,170)  
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     (480)            
Employee benefit plans         (270)   573 [2]    
Other         5 (12) [3]     (9)
Citigroup’s net income 9,544         9,509     35
Common dividends [4]           (2,116)      
Preferred dividends (558)         (558)      
Treasury stock acquired [5]             (7,630)    
Citigroup's total other comprehensive income (loss)               1,967 7
Transactions between Citigroup and the noncontrolling-interest shareholders                 (99)
Distributions paid to noncontrolling-interest shareholders                 (37)
Net change in noncontrolling interests                 (103)
Balance, end of period at Jun. 30, 2019 198,110 197,359 17,980 179,379 107,688 158,321 (51,427) (35,203) 751
Balance, beginning of period at Mar. 31, 2019     17,980   107,582 154,859 (47,861) (36,308) 763
Adjustment to opening balance, net of taxes at Mar. 31, 2019           0 [1]   0  
Adjusted balance, beginning of period at Mar. 31, 2019           154,859   (36,308)  
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     0            
Employee benefit plans         112   9 [2]    
Other         (6) 0 [3]     (9)
Citigroup’s net income 4,809         4,799     10
Common dividends [4]           (1,041)      
Preferred dividends (296)         (296)      
Treasury stock acquired [5]             (3,575)    
Citigroup's total other comprehensive income (loss)               1,105 20
Transactions between Citigroup and the noncontrolling-interest shareholders                 0
Distributions paid to noncontrolling-interest shareholders                 (33)
Net change in noncontrolling interests                 (12)
Balance, end of period at Jun. 30, 2019 $ 198,110 $ 197,359 $ 17,980 $ 179,379 $ 107,688 $ 158,321 $ (51,427) $ (35,203) $ 751
[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 $0.45 per share in the first and second quarters of 2019 and $0.32 for the first and second quarters of 2018.
[5]
Primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.