DISCONTINUED OPERATIONS, SIGNIFICANT DISPOSALS AND OTHER BUSINESS EXITS (Tables)

9 Months Ended

Sep. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Summarized financial information disposal groups including discontinued operations

The following table summarizes financial information for all Discontinued operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions of dollars	2021		2020		2021		2020
Total revenues, net of interest expense	$	—	$	—	$	—	$	—
Income (loss) from discontinued operations(1)	$	(1)	$	(7)	$	7	$	(26)
Benefit for income taxes	—		—		—		—
Income (loss) from discontinued operations, net of taxes	$	(1)	$	(7)	$	7	$	(26)

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

Upon closing, the CTA-related balance would be removed from the AOCI component of equity, resulting in a neutral CTA impact to Citi’s Common Equity Tier 1 Capital.

Income before taxes, excluding the pretax loss on sale, for the Australia consumer banking business is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
In millions of dollars	2021		2020		2021		2020
Income before taxes	$	95	$	78	$	236	$	153

The following are assets and liabilities for the Australia consumer banking business, which were identified and reclassified to held-for-sale within Other assets and Other liabilities, respectively, on the Consolidated Balance Sheet at September 30, 2021:

In millions of dollars	September 30, 2021
Assets
Cash and deposits with banks	$	21
Loans (net of allowance of $249 million at September 30, 2021)	8,291
Goodwill and intangible assets	257
Other assets	85
Total assets	$	8,654
Liabilities
Deposits	$	6,912
Long-term debt	521
Other liabilities	143
Total liabilities	$	7,576