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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Reconciliation of the income and share data used in the basic and diluted earnings per share computations
The following table reconciles the income and share data used in the basic and diluted earnings per share (EPS) computations:

Three Months Ended June 30,Six Months Ended June 30,
In millions of dollars, except per share amounts2022202120222021
Earnings per common share
Income from continuing operations before attribution to noncontrolling interests$4,789 $6,193 $9,114 $14,170 
Less: Noncontrolling interests from continuing operations21 10 38 43 
Net income from continuing operations (for EPS purposes)$4,768 $6,183 $9,076 $14,127 
Income (loss) from discontinued operations, net of taxes(221)10 (223)8 
Citigroup’s net income$4,547 $6,193 $8,853 $14,135 
Less: Preferred dividends238 253 517 545 
Net income available to common shareholders$4,309 $5,940 $8,336 $13,590 
Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares with rights to dividends, applicable to basic EPS35 41 60 107 
Net income allocated to common shareholders for basic EPS$4,274 $5,899 $8,276 $13,483 
Weighted-average common shares outstanding applicable to basic EPS (in millions)
1,941.5 2,056.5 1,956.6 2,069.3 
Basic earnings per share(1)
Income from continuing operations$2.32 $2.86 $4.34 $6.51 
Discontinued operations(0.11)— (0.11)— 
Net income per share—basic$2.20 $2.87 $4.23 $6.52 
Diluted earnings per share
Net income allocated to common shareholders for basic EPS$4,274 $5,899 $8,276 $13,483 
Add back: Dividends allocated to employee restricted and deferred shares with rights to dividends that are forfeitable11 8 19 15 
Net income allocated to common shareholders for diluted EPS$4,285 $5,907 $8,295 $13,498 
Weighted-average common shares outstanding applicable to basic EPS (in millions)
1,941.5 2,056.5 1,956.6 2,069.3 
Effect of dilutive securities
Options(2)
— — — — 
Other employee plans16.6 16.5 16.6 15.5 
Adjusted weighted-average common shares outstanding applicable to diluted EPS
(in millions)(3)
1,958.1 2,073.0 1,973.2 2,084.8 
Diluted earnings per share(1)
    
Income from continuing operations$2.30 $2.84 $4.32 $6.47 
Discontinued operations(0.11)— (0.11)— 
Net income per share—diluted$2.19 $2.85 $4.20 $6.47 

(1)Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.
(2)    During the first and second quarters of 2022 and 2021, no significant options to purchase shares of common stock were outstanding.
(3)    Due to rounding, weighted-average common shares outstanding applicable to basic EPS and the effect of dilutive securities may not sum to weighted-average common shares outstanding applicable to diluted EPS.