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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ 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
Increase (Decrease) in Stockholders' Equity                  
Adjusted balance           $ 145,817   $ (31,877)  
Balance, beginning of year at Dec. 31, 2016     $ 19,253   $ 108,073 146,477 $ (16,302) (32,381) $ 1,023
Balance, beginning of year (in shares) at Dec. 31, 2016     770   3,099,482   327,090    
Adjustment to opening balance, net of taxes at Dec. 31, 2016 [1]           (660)   504  
Increase (Decrease) in Stockholders' Equity                  
Citigroup’s net income (loss) $ (6,798)         (6,798)      
Employee benefit plans         $ (27)   $ 531 [2]    
Employee benefit plans (in shares)         41   11,651 [2]    
Other         $ (7) (90) [3]     (72)
Net income attributable to noncontrolling-interest shareholders (6,738)               60
Common dividends [4]           (2,595)      
Preferred dividends (1,213)         (1,213)      
Impact of Tax Reform           3,304 [5]   (3,304)  
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 (28)
Transactions between Citigroup and the noncontrolling-interest shareholders                 (121)
Treasury stock acquired [6]             $ (14,538)    
Treasure stock acquired (in shares) [6]             (214,176)    
Distributions paid to noncontrolling-interest shareholders                 (44)
Other comprehensive income (loss) (2,791)             (2,791) [5] 114
Net change in noncontrolling interests                 (91)
Balance, end of year at Dec. 31, 2017 201,672 $ 200,740 $ 19,253 $ 181,487 $ 108,039 138,425 $ (30,309) (34,668) 932
Balance, end of year (in shares) at Dec. 31, 2017     770 2,569,908 3,099,523   529,615    
Increase (Decrease) in Stockholders' Equity                  
Adjusted balance           138,341   (34,671)  
Adjustment to opening balance, net of taxes at Dec. 31, 2017 [1]           (84)   (3)  
Increase (Decrease) in Stockholders' Equity                  
Citigroup’s net income (loss) 18,045         18,045      
Redemption of preferred stock     $ (793)            
Redemption of preferred stock (in shares)     (32)            
Employee benefit plans         $ (94)   $ 484 [2]    
Employee benefit plans (in shares)         44   10,557 [2]    
Other         $ 8       18
Net income attributable to noncontrolling-interest shareholders 18,080               35
Common dividends [4]           (3,865)      
Preferred dividends (1,174)         (1,174)      
Transactions between Citigroup and the noncontrolling-interest shareholders                 (50)
Treasury stock acquired [6]             $ (14,545)    
Treasure stock acquired (in shares) [6]             (212,042)    
Distributions paid to noncontrolling-interest shareholders                 (38)
Other comprehensive income (loss) (2,499)             (2,499) [5] (43)
Net change in noncontrolling interests                 (78)
Balance, end of year at Dec. 31, 2018 197,074 196,220 $ 18,460 $ 177,760 $ 107,953 151,347 $ (44,370) (37,170) 854
Balance, end of year (in shares) at Dec. 31, 2018     738 2,368,467 3,099,567   731,100    
Increase (Decrease) in Stockholders' Equity                  
Adjusted balance           151,498   (37,170)  
Adjustment to opening balance, net of taxes at Dec. 31, 2018 [1]           151   0  
Increase (Decrease) in Stockholders' Equity                  
Citigroup’s net income (loss) 19,401         19,401      
Issuance of new preferred stock     $ 1,500            
Issuance of new preferred stock (in shares)     60            
Redemption of preferred stock     $ (1,980)            
Redemption of preferred stock (in shares)     (79)            
Employee benefit plans         $ (112)   $ 585 [2]    
Employee benefit plans (in shares)         36   9,872 [2]    
Preferred stock issuance expense         $ (4)        
Other         34 (18) [3]     (7)
Net income attributable to noncontrolling-interest shareholders 19,467               66
Common dividends [4]           (4,403)      
Preferred dividends (1,109)         (1,109)      
Transactions between Citigroup and the noncontrolling-interest shareholders                 (169)
Treasury stock acquired [6]             $ (17,875)    
Treasure stock acquired (in shares) [6]             (264,252)    
Distributions paid to noncontrolling-interest shareholders                 (40)
Other comprehensive income (loss) 852             852 [5] 0
Net change in noncontrolling interests                 (150)
Balance, end of year at Dec. 31, 2019 $ 193,946 $ 193,242 $ 17,980 $ 175,262 $ 107,871 $ 165,369 $ (61,660) $ (36,318) $ 704
Balance, end of year (in shares) at Dec. 31, 2019     719 2,114,123 3,099,603   985,480    
[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]
2017 includes the impact of ASU No. 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 $0.51 per share in the third and fourth quarters of 2019; $0.32 per share in the first and second quarters of 2018 and $0.45 per share in the third and fourth quarters of 2018; and $0.16 in the first and second quarters of 2017 and $0.32 per share in the third and fourth quarters of 2017.
[5]
Includes the impact of ASU 2018-02, which transferred those amounts from AOCI to 2017 Retained earnings. See Notes 1 and 19 to the Consolidated Financial Statements.
[6]
Primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.