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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Reconciliation of the income and share data used in the basic and diluted earnings per share computations
The following table reconciles the income and share data used in the basic and diluted earnings per share (EPS) computations:
In millions of dollars, except per share amounts
2019
2018
2017
Earnings per common share
 
 
 
Income from continuing operations before attribution of noncontrolling interests
$
19,471

$
18,088

$
(6,627
)
Less: Noncontrolling interests from continuing operations
66

35

60

Net income from continuing operations (for EPS purposes)
$
19,405

$
18,053

$
(6,687
)
Loss from discontinued operations, net of taxes
(4
)
(8
)
(111
)
Citigroup's net income
$
19,401

$
18,045

$
(6,798
)
Less: Preferred dividends(1)
1,109

1,174

1,213

Net income available to common shareholders
$
18,292

$
16,871

$
(8,011
)
Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares
with rights to dividends, applicable to basic EPS
121

200

37

Net income allocated to common shareholders for basic EPS
$
18,171

$
16,671

$
(8,048
)
Weighted-average common shares outstanding applicable to basic EPS (in millions)
2,249.2

2,493.3

2,698.5

Basic earnings per share(2)
 

 
 
Income from continuing operations
$
8.08

$
6.69

$
(2.94
)
Discontinued operations
—

—

(0.04
)
Net income per share—basic
$
8.08

$
6.69

$
(2.98
)
Diluted earnings per share
 

 
  
Net income allocated to common shareholders for basic EPS
$
18,171

$
16,671

$
(8,048
)
Add back: Dividends allocated to employee restricted and deferred shares with rights to dividends
that are forfeitable
33

—

—

Net income allocated to common shareholders for diluted EPS
$
18,204

$
16,671

$
(8,048
)
Weighted-average common shares outstanding applicable to basic EPS (in millions)
$
2,249.2

$
2,493.3

$
2,698.5

Effect of dilutive securities
 
 
 
   Options(3)
0.1

0.1

—

   Other employee plans
16.0

1.4

—

Adjusted weighted-average common shares outstanding applicable to diluted EPS (in millions)(4)
2,265.3

2,494.8

2,698.5

Diluted earnings per share(2)
 
 
 
Income from continuing operations
$
8.04

$
6.69

$
(2.94
)
Discontinued operations
—

—

(0.04
)
Net income per share—diluted
$
8.04

$
6.68

$
(2.98
)
(1)
See Note 20 to the Consolidated Financial Statements for the potential future impact of preferred stock dividends.
(2)
Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.
(3)
During 2019, no significant options to purchase shares of common stock were outstanding. During 2018 and 2017, weighted-average options to purchase 0.5 million and 0.8 million shares of common stock, respectively, were outstanding but not included in the computation of earnings per share because the weighted-average exercise prices of $145.69 and $204.80 per share, respectively, were anti-dilutive.
(4)
Due to rounding, common shares outstanding applicable to basic EPS and the effect of dilutive securities may not sum to common shares outstanding applicable to diluted EPS.