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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Revision of Prior Period, Change in Accounting Principle, Adjustment
Citigroup stockholders' equity
Preferred stock at aggregate liquidation value
Citigroup common stockholders' equity
Common stock and additional paid-in capital
Retained earnings
Retained earnings
Previously Reported
Retained earnings
Revision of Prior Period, Change in Accounting Principle, Adjustment
[1]
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Retained earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury stock, at cost
Citigroup's accumulated other comprehensive income (loss)
Citigroup's accumulated other comprehensive income (loss)
Cumulative Effect, Period of Adoption, Adjustment
[1]
Citigroup's accumulated other comprehensive income (loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Noncontrolling interests
Balance, beginning of year at Dec. 31, 2017       $ 19,253   $ 108,039 $ 138,425     $ (84) $ 138,341 $ (30,309) $ (34,668) $ (3) $ (34,671) $ 932
Balance, beginning of year (in shares) at Dec. 31, 2017       770   3,099,523           529,615        
Increase (Decrease) in Stockholders' Equity                                
Citigroup’s net income $ 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]        
Common dividends [3]             (3,865)                  
Preferred dividends (1,174)           (1,174)                  
Treasury stock acquired [4]                       $ (14,545)        
Treasure stock acquired (in shares) [4]                       (212,042)        
Other           $ 8                   18
Transactions between Citigroup and the noncontrolling-interest shareholders                               (50)
Net income attributable to noncontrolling-interest shareholders 18,080                             35
Distributions paid to noncontrolling-interest shareholders                               (38)
Other comprehensive income (loss)                         (2,499) [2]     (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     151 151,498 $ (44,370) (37,170)   (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                                
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                              
Change in Accounting Principle, Type [Extensible List] us-gaap:ChangeInAccountingPrincipleMember                              
Citigroup’s net income $ 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)                    
Common dividends [3]             (4,403)                  
Preferred dividends (1,109)           (1,109)                  
Treasury stock acquired [4]                       $ (17,875)        
Treasure stock acquired (in shares) [4]                       (264,252)        
Other           34 (18)                 (7)
Transactions between Citigroup and the noncontrolling-interest shareholders                               (169)
Net income attributable to noncontrolling-interest shareholders 19,467                             66
Distributions paid to noncontrolling-interest shareholders                               (40)
Other comprehensive income (loss) [2]                         852      
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 $ 165,369 $ 330 $ (3,076) $ 162,623 $ (61,660) (36,318)   $ (36,318) 704
Balance, end of year (in shares) at Dec. 31, 2019       719 2,114,123 3,099,603           985,480        
Increase (Decrease) in Stockholders' Equity                                
Citigroup’s net income 11,047 $ (330)         11,047                  
Issuance of new preferred stock       $ 3,000                        
Issuance of new preferred stock (in shares)       120                        
Redemption of preferred stock       $ (1,500)                        
Redemption of preferred stock (in shares)       (60)                        
Employee benefit plans           $ 5           $ 456 [2]        
Employee benefit plans (in shares)           161           8,546 [2]        
Preferred stock issuance expense           $ (4)                    
Common dividends [3]             (4,299)                  
Preferred dividends (1,095)           (1,095)                  
Treasury stock acquired [4]                       $ (2,925)        
Treasure stock acquired (in shares) [4]                       (40,740)        
Other           5 (4)                 (6)
Transactions between Citigroup and the noncontrolling-interest shareholders                               (4)
Net income attributable to noncontrolling-interest shareholders 11,087                             40
Distributions paid to noncontrolling-interest shareholders                               (2)
Other comprehensive income (loss)                         4,260 [2]     26
Net change in noncontrolling interests                               54
Balance, end of year at Dec. 31, 2020 $ 200,200   $ 199,442 $ 19,480 $ 179,962 $ 107,877 $ 168,272         $ (64,129) $ (32,058)     $ 758
Balance, end of year (in shares) at Dec. 31, 2020       779 2,082,090 3,099,764           1,017,674        
[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] Common dividends declared were $0.51 per share in the first, second, third and fourth quarters of 2020; $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; and $0.32 in the first and second quarters of 2018 and $0.45 per share in the third and fourth quarters of 2018.
[4] Primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase programs.