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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Citigroup stockholders' equity
Preferred stock at aggregate liquidation value
Citigroup common stockholders' equity
Common stock and additional paid-in capital (APIC)
Retained earnings
Retained earnings
Variable post-charge-off third-party collection costs
[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)
Noncontrolling interests
Balance, beginning of period at Dec. 31, 2019     $ 17,980   $ 107,871 $ 165,369 $ 330 $ (3,076) $ 162,623 $ (61,660) $ (36,318) $ 704
Increase (Decrease) in Stockholders' Equity                        
Issuance of new preferred stock     1,500                  
Redemption of preferred stock     (1,500)                  
Employee benefit plans         (174)         442 [2]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         2              
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)           (4)            
Common dividends [3]           (2,152)            
Preferred dividends $ (544)         (544)            
Treasury stock acquired [4]                   (2,925)    
Transactions between Citigroup and the noncontrolling-interest shareholders                       (6)
Citigroup’s total other comprehensive income                     2,973 (12)
Net income before attribution of noncontrolling interests 3,586         3,592           (6)
Net change in noncontrolling interests                       (24)
Balance, end of period at Jun. 30, 2020 192,386 $ 191,706 17,980 $ 173,726 107,699 163,515       (64,143) (33,345) 680
Balance, beginning of period at Mar. 31, 2020     17,980   107,581 163,782     163,782 (64,147) (32,521) 651
Increase (Decrease) in Stockholders' Equity                        
Employee benefit plans         118         4 [2]    
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)           1           (10)
Common dividends [3]           (1,071)            
Preferred dividends (253)         (253)            
Citigroup’s total other comprehensive income                     (824) 39
Net income before attribution of noncontrolling interests 1,056         1,056            
Net change in noncontrolling interests                       29
Balance, end of period at Jun. 30, 2020 192,386 191,706 17,980 173,726 107,699 163,515       (64,143) (33,345) 680
Balance, beginning of period at Dec. 31, 2020 200,200   19,480   107,877 168,272     168,272 (64,129) (32,058) 758
Balance, end of period at Mar. 31, 2021     20,280   107,725 174,816     174,816 (65,261) (35,011) 724
Balance, beginning of period at Dec. 31, 2020 200,200   19,480   107,877 168,272     168,272 (64,129) (32,058) 758
Increase (Decrease) in Stockholders' Equity                        
Issuance of new preferred stock     2,300                  
Redemption of preferred stock     (3,785)                  
Employee benefit plans         (63)         476 [2]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         40              
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         (3) (40)           (11)
Common dividends [3]           (2,136)            
Preferred dividends (545)         (545)            
Treasury stock acquired [4]                   (4,600)    
Transactions between Citigroup and the noncontrolling-interest shareholders                       1
Citigroup’s total other comprehensive income                     (3,062) (40)
Net income before attribution of noncontrolling interests 14,178         14,135           43
Net change in noncontrolling interests                       (7)
Balance, end of period at Jun. 30, 2021 202,910 202,159 17,995 184,164 107,851 179,686       (68,253) (35,120) 751
Balance, beginning of period at Mar. 31, 2021     20,280   107,725 174,816     $ 174,816 (65,261) (35,011) 724
Increase (Decrease) in Stockholders' Equity                        
Redemption of preferred stock     (2,285)                  
Employee benefit plans         112         8 [2]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         8              
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         6 (8)           (2)
Common dividends [3]           (1,062)            
Preferred dividends (253)         (253)            
Treasury stock acquired [4]                   (3,000)    
Transactions between Citigroup and the noncontrolling-interest shareholders                       1
Citigroup’s total other comprehensive income                     (109) 18
Net income before attribution of noncontrolling interests 6,203         6,193           10
Net change in noncontrolling interests                       27
Balance, end of period at Jun. 30, 2021 $ 202,910 $ 202,159 $ 17,995 $ 184,164 $ 107,851 $ 179,686       $ (68,253) $ (35,120) $ 751
[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 both of the first and second quarters of 2021 and 2020.
[4] Primarily consists of open market purchases under Citi’s Board of Directors-approved common share repurchase program.