DISCONTINUED OPERATIONS AND SIGNIFICANT DISPOSALS

6 Months Ended

Jun. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS AND SIGNIFICANT DISPOSALS

DISCONTINUED OPERATIONS AND SIGNIFICANT DISPOSALS

Discontinued Operations

The Company’s results from Discontinued operations consisted of residual activities related to previously divested operations. All Discontinued operations results are recorded within Corporate/Other.

The following table summarizes financial information for all Discontinued operations:

	Three Months Ended June 30,				Six Months Ended June 30,
In millions of dollars	2021		2020		2021		2020
Total revenues, net of interest expense	$	—	$	—	$	—	$	—
Income (loss) from discontinued operations(1)	$	10	$	(1)	$	8	$	(19)
Benefit for income taxes	—		—		—		—
Income (loss) from discontinued operations, net of taxes	$	10	$	(1)	$	8	$	(19)

(1)Amounts in each period relate to the sale of the Egg Banking business in 2011.

Cash flows from Discontinued operations were not material for the periods presented.

Significant Disposals

Citi did not have any significant disposals to report as of June 30, 2021. As of August 4, 2021, Citi had not entered into any definitive sales agreements related to its recently announced intention to pursue exits of its consumer franchises in 13 markets across Asia and EMEA.

For a description of the Company’s significant disposal transactions in prior periods and financial impact, see Note 2 to the Consolidated Financial Statements in Citi’s 2020 Annual Report on Form 10-K.