BUSINESS SEGMENTS

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

BUSINESS SEGMENTS

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.

For additional information regarding Citigroup’s business segments, see Note 3 to the Consolidated Financial Statements in Citi’s 2019 Annual Report on Form 10-K.

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

	Three Months Ended September 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	2020		2019		2020		2019		2020		2019		September 30, 2020		December 31, 2019
Global Consumer Banking	$	7,173	$	8,289	$	338	$	468	$	1,058	$	1,503	$	435	$	407
Institutional Clients Group	10,353		9,851		818		858		2,919		3,229		1,703		1,447
Corporate/Other	(224)		434		(341)		(247)		(716)		211		96		97
Total	$	17,302	$	18,574	$	815	$	1,079	$	3,261	$	4,943	$	2,234	$	1,951
	Nine Months Ended September 30,
	Revenues, net of interest expense(3)				Provision (benefits) for income taxes				Income (loss) from continuing operations(4)
In millions of dollars	2020		2019		2020		2019		2020		2019
Global Consumer Banking	$	22,686	$	24,512	$	(93)	$	1,227	$	(95)	$	4,124
Institutional Clients Group	34,974		29,924		2,332		2,763		8,425		10,066
Corporate/Other	139		1,472		(717)		(263)		(1,218)		282
Total	$	57,799	$	55,908	$	1,522	$	3,727	$	7,112	$	14,472

(1)     Includes total revenues, net of interest expense (excluding Corporate/Other), in North America of $8.4 billion and $8.4 billion; in EMEA of $3.1 billion and $3.1 billion; in Latin America of $2.2 billion and $2.6 billion and in Asia of $3.8 billion and $4.0 billion for the three months ended September 30, 2020 and 2019, 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 $1.6 billion and $2.0 billion; in the ICG results of $0.8 billion and $0.2 billion; and in the Corporate/Other results of $(0.1) billion and $0.0 billion for the three months ended September 30, 2020 and 2019, respectively.

(3)    Includes total revenues, net of interest expense, in North America of $28.3 billion and $25.3 billion; in EMEA of $9.9 billion and $9.3 billion; in Latin America of $7.0 billion and $7.7 billion; and in Asia of $12.3 billion and $12.1 billion for the nine months ended September 30, 2020 and 2019, respectively. Regional numbers exclude Corporate/Other, which largely operates within the U.S.

(4)     Includes pretax provisions for credit losses and for benefits and claims in the GCB results of $10.3 billion and $5.9 billion; in the ICG results of $6.7 billion and $0.3 billion; and in the Corporate/Other results of $220 million and $(62) million for the nine months ended September 30, 2020 and 2019, respectively.