XML 41 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Variable post-charge-off third-party collection costs
Citigroup stockholders' equity
Preferred stock at aggregate liquidation value
Total 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
Adjustment to opening balance for CECL adoption
[1]
Retained earnings
Adjusted balance
Treasury stock, at cost
Citigroup's accumulated other comprehensive income (loss)
Noncontrolling interests
Beginning of year balance, net of tax at Dec. 31, 2018       $ 18,460   $ 107,953 $ 151,347   $ 151 $ 151,498 $ (44,370) $ (37,170) $ 854
Balance, beginning of year (in shares) at Dec. 31, 2018       738   3,099,567         731,100    
Increase (Decrease) in Stockholders' Equity                          
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2016-13                        
Change in Accounting Principle, Type [Extensible Enumeration] Change in Accounting Principle, Other [Member]                        
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 costs (new issuances, net of reclassifications to retained earnings for redemptions)           $ (4)              
Other           34 (18)           (7)
Citigroup’s net income $ 19,401           19,401            
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)    
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)                       852  
Net change in noncontrolling interests                         (150)
End of year balance, net of tax at Dec. 31, 2019 193,946   $ 193,242 $ 17,980 $ 175,262 $ 107,871 165,369 $ 330 $ (3,076) $ 162,623 $ (61,660) (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                          
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)           30         8,676 [2]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)           $ (4)              
Other           5 (4)           (6)
Citigroup’s net income 11,047 $ (330)         11,047            
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)    
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 26
Net change in noncontrolling interests                         54
End of year balance, net of tax 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 2,082,089 3,099,633         1,017,544    
Increase (Decrease) in Stockholders' Equity                          
Issuance of new preferred stock       $ 3,300                  
Issuance of new preferred stock (in shares)       132                  
Redemption of preferred stock       $ (3,785)                  
Redemption of preferred stock (in shares)       (151)                  
Employee benefit plans           $ 85         $ 489 [2]    
Employee benefit plans (in shares)           19         7,745 [2]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)           $ 25              
Other           47 (40)           (12)
Citigroup’s net income 21,952           21,952            
Common dividends [3]             (4,196)            
Preferred dividends (1,040)           (1,040)            
Treasury stock acquired [4]                     $ (7,600)    
Treasure stock acquired (in shares) [4]                     (105,498)    
Transactions between Citigroup and the noncontrolling-interest shareholders                         (10)
Net income attributable to noncontrolling-interest shareholders 22,025                       73
Distributions paid to noncontrolling-interest shareholders                         (10)
Other comprehensive income (loss)                       (6,707) (99)
Net change in noncontrolling interests                         (58)
End of year balance, net of tax at Dec. 31, 2021 $ 202,672   $ 201,972 $ 18,995 $ 182,977 $ 108,034 $ 184,948       $ (71,240) $ (38,765) $ 700
Balance, end of year (in shares) at Dec. 31, 2021       760 1,984,355 3,099,652         1,115,297    
[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 2021 and 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.
[4] Primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase programs.