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CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Interest revenue $ 58,089 $ 76,510 $ 70,828
Interest expense 14,541 29,163 24,266
Net interest revenue 43,548 47,347 46,562
Commissions and fees 11,385 11,746 11,857
Principal transactions 13,885 8,892 8,905
Administration and other fiduciary fees 3,472 3,411 3,580
Realized gains on sales of investments, net 1,756 1,474 421
Impairment losses on investments:      
Impairment losses on investments and other assets (165) (32) (132)
Provision for credit losses on AFS debt securities [1] (3) 0 0
Net impairment losses recognized in earnings (168) (32) (132)
Other revenue 420 1,448 1,661
Total non-interest revenues 30,750 26,939 26,292
Total revenues, net of interest expense 74,298 74,286 72,854
Provisions for credit losses and for benefits and claims      
Provision for credit losses on loans 15,922 8,218 7,354
Provision for credit losses on held-to-maturity (HTM) debt securities 7 0 0
Provision for credit losses on other assets 7 0 0
Policyholder benefits and claims 113 73 101
Provision for credit losses on unfunded lending commitments 1,446 92 113
Total provisions for credit losses and for benefits and claims 17,495 8,383 7,568
Operating expenses      
Compensation and benefits 22,214 21,433 21,154
Premises and equipment 2,333 2,328 2,324
Technology/communication 7,383 7,077 7,193
Advertising and marketing 1,217 1,516 1,545
Other operating 10,024 9,648 9,625
Total operating expenses 43,171 42,002 41,841
Income from continuing operations before income taxes 13,632 23,901 23,445
Provision for income taxes 2,525 4,430 5,357
Income from continuing operations 11,107 19,471 18,088
Discontinued operations      
Loss from discontinued operations (20) (31) (26)
Provision (benefit) for income taxes 0 (27) (18)
Loss from discontinued operations, net of taxes (20) (4) (8)
Net income before attribution of noncontrolling interests 11,087 19,467 18,080
Noncontrolling interests 40 66 35
Citigroup’s net income $ 11,047 $ 19,401 $ 18,045
Basic earnings per share      
Income from continuing operations (in dollars per share) [2] $ 4.75 $ 8.08 $ 6.69
Loss from discontinued operations, net of taxes (in dollars per share) [2] (0.01) 0 0
Net income (in dollars per share) [2] $ 4.74 $ 8.08 $ 6.69
Weighted average common shares outstanding (in shares) 2,085.8 2,249.2 2,493.3
Diluted earnings per share      
Income from continuing operations (in dollars per share) [2] $ 4.73 $ 8.04 $ 6.69
Income (loss) from discontinued operations, net of taxes (in dollars per share) [2] (0.01) 0 0
Net income (in dollars per share) [2] $ 4.72 $ 8.04 $ 6.68
Adjusted weighted average common shares outstanding (in shares) 2,099.0 2,265.3 2,494.8
[1] In accordance with ASC 326.
[2] Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.