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CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)
 6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Consolidating Statements of Income and Comprehensive Income
Condensed Consolidating Statements of Income and Comprehensive Income
Three Months Ended June 30, 2022
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Revenues
Dividends from subsidiaries$1,800 $— $— $(1,800)$— 
Interest revenue1 1,593 14,036 — 15,630 
Interest revenue—intercompany1,031 293 (1,324)— — 
Interest expense1,298 702 1,666 — 3,666 
Interest expense—intercompany150 682 (832)— — 
Net interest income$(416)$502 $11,878 $— $11,964 
Commissions and fees$— $1,228 $1,224 $— $2,452 
Commissions and fees—intercompany(1)42 (41)— — 
Principal transactions2,032 8,213 (5,720)— 4,525 
Principal transactions—intercompany(2,110)(7,349)9,459 — — 
Other revenue319 106 272 — 697 
Other revenue—intercompany(124)(17)141 — — 
Total non-interest revenues$116 $2,223 $5,335 $— $7,674 
Total revenues, net of interest expense$1,500 $2,725 $17,213 $(1,800)$19,638 
Provisions for credit losses and for benefits and claims$— $2 $1,272 $— $1,274 
Operating expenses
Compensation and benefits$(2)$1,323 $5,151 $— $6,472 
Compensation and benefits—intercompany— — — — — 
Other operating(12)890 5,043 — 5,921 
Other operating—intercompany4 618 (622)— — 
Total operating expenses$(10)$2,831 $9,572 $— $12,393 
Equity in undistributed income of subsidiaries$2,632 $— $— $(2,632)$— 
Income (loss) from continuing operations before income taxes$4,142 $(108)$6,369 $(4,432)$5,971 
Provision (benefit) for income taxes(405)101 1,486 — 1,182 
Income (loss) from continuing operations$4,547 $(209)$4,883 $(4,432)$4,789 
Income (loss) from discontinued operations, net of taxes— — (221)— (221)
Net income before attribution of noncontrolling interests$4,547 $(209)$4,662 $(4,432)$4,568 
Noncontrolling interests— — 21 — 21 
Net income (loss)$4,547 $(209)$4,641 $(4,432)$4,547 
Comprehensive income
Add: Other comprehensive income (loss)$(1,910)$647 $889 $(1,536)$(1,910)
Total Citigroup comprehensive income (loss)$2,637 $438 $5,530 $(5,968)$2,637 
Add: Other comprehensive income attributable to noncontrolling interests$— $— $(53)$— $(53)
Add: Net income attributable to noncontrolling interests— — 21 — 21 
Total comprehensive income (loss)$2,637 $438 $5,498 $(5,968)$2,605 
Condensed Consolidating Statements of Income and Comprehensive Income
Six Months Ended June 30, 2022
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Revenues
Dividends from subsidiaries$2,050 $— $— $(2,050)$— 
Interest revenue1 2,355 26,425 — 28,781 
Interest revenue—intercompany1,933 432 (2,365)— — 
Interest expense2,477 896 2,573 — 5,946 
Interest expense—intercompany240 1,036 (1,276)— — 
Net interest income$(783)$855 $22,763 $— $22,835 
Commissions and fees$— $2,589 $2,431 $— $5,020 
Commissions and fees—intercompany(1)126 (125)— — 
Principal transactions3,894 9,810 (4,589)— 9,115 
Principal transactions—intercompany(3,959)(7,437)11,396 — — 
Other revenue388 264 1,202 — 1,854 
Other revenue—intercompany(181)(35)216 — — 
Total non-interest revenues$141 $5,317 $10,531 $— $15,989 
Total revenues, net of interest expense$1,408 $6,172 $33,294 $(2,050)$38,824 
Provisions for credit losses and for benefits and claims$— $1 $2,028 $— $2,029 
Operating expenses
Compensation and benefits$(2)$2,835 $10,459 $— $13,292 
Compensation and benefits—intercompany11 — (11)— — 
Other operating12 1,546 10,708 — 12,266 
Other operating—intercompany7 1,372 (1,379)— — 
Total operating expenses$28 $5,753 $19,777 $— $25,558 
Equity in undistributed income of subsidiaries$6,766 $— $— $(6,766)$— 
Income (loss) from continuing operations before income taxes$8,146 $418 $11,489 $(8,816)$11,237 
Provision (benefit) for income taxes(707)(115)2,945 — 2,123 
Income (loss) from continuing operations$8,853 $533 $8,544 $(8,816)$9,114 
Income (loss) from discontinued operations, net of taxes— — (223)— (223)
Net income before attribution of noncontrolling interests$8,853 $533 $8,321 $(8,816)$8,891 
Noncontrolling interests— — 38 — 38 
Net income (loss)$8,853 $533 $8,283 $(8,816)$8,853 
Comprehensive income
Add: Other comprehensive income (loss)$(6,730)$1,096 $(5,269)$4,173 $(6,730)
Total Citigroup comprehensive income (loss)$2,123 $1,629 $3,014 $(4,643)$2,123 
Add: Other comprehensive income attributable to noncontrolling interests$— $— $(82)$— $(82)
Add: Net income attributable to noncontrolling interests— — 38 — 38 
Total comprehensive income (loss)$2,123 $1,629 $2,970 $(4,643)$2,079 
Condensed Consolidating Statements of Income and Comprehensive Income
Three Months Ended June 30, 2021
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Revenues
Dividends from subsidiaries$3,700 $— $— $(3,700)$— 
Interest revenue— 1,014 11,449 — 12,463 
Interest revenue—intercompany954 136 (1,090)— — 
Interest expense1,209 221 555 — 1,985 
Interest expense—intercompany94 330 (424)— — 
Net interest income$(349)$599 $10,228 $— $10,478 
Commissions and fees$— $1,836 $1,538 $— $3,374 
Commissions and fees—intercompany(1)88 (87)— — 
Principal transactions(892)919 2,277 — 2,304 
Principal transactions—intercompany910 (110)(800)— — 
Other revenue(4)139 1,462 — 1,597 
Other revenue—intercompany3 (8)5 — — 
Total non-interest revenues$16 $2,864 $4,395 $— $7,275 
Total revenues, net of interest expense$3,367 $3,463 $14,623 $(3,700)$17,753 
Provisions for credit losses and for benefits and claims$2 $3 $(1,071)$— $(1,066)
Operating expenses
Compensation and benefits$— $1,303 $4,679 $— $5,982 
Compensation and benefits—intercompany24 — (24)— — 
Other operating14 680 4,795 — 5,489 
Other operating—intercompany3 808 (811)— — 
Total operating expenses$41 $2,791 $8,639 $— $11,471 
Equity in undistributed income of subsidiaries$2,567 $— $— $(2,567)$— 
Income (loss) from continuing operations before income
taxes		$5,891 $669 $7,055 $(6,267)$7,348 
Provision (benefit) for income taxes(302)(119)1,576 — 1,155 
Income (loss) from continuing operations$6,193 $788 $5,479 $(6,267)$6,193 
Income (loss) from discontinued operations, net of taxes— — 10 — 10 
Net income (loss) before attribution of noncontrolling interests$6,193 $788 $5,489 $(6,267)$6,203 
Noncontrolling interests— — 10 — 10 
Net income (loss) $6,193 $788 $5,479 $(6,267)$6,193 
Comprehensive income
Add: Other comprehensive income (loss) $(109)$7 $(1,966)$1,959 $(109)
Total Citigroup comprehensive income (loss)$6,084 $795 $3,513 $(4,308)$6,084 
Add: Other comprehensive income attributable to noncontrolling interests$— $— $18 $— $18 
Add: Net income attributable to noncontrolling interests— — 10 — 10 
Total comprehensive income (loss)$6,084 $795 $3,541 $(4,308)$6,112 
Condensed Consolidating Statements of Income and Comprehensive Income
Six Months Ended June 30, 2021
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Revenues
Dividends from subsidiaries$3,800 $— $— $(3,800)$— 
Interest revenue— 1,985 23,012 — 24,997 
Interest revenue—intercompany1,912 281 (2,193)— — 
Interest expense2,421 444 1,148 — 4,013 
Interest expense—intercompany178 659 (837)— — 
Net interest income$(687)$1,163 $20,508 $— $20,984 
Commissions and fees$— $3,997 $3,047 $— $7,044 
Commissions and fees—intercompany(27)135 (108)— — 
Principal transactions877 6,577 (1,237)— 6,217 
Principal transactions—intercompany(968)(4,348)5,316 — — 
Other revenue51 242 2,882 — 3,175 
Other revenue—intercompany(61)(28)89 — — 
Total non-interest revenues$(128)$6,575 $9,989 $— $16,436 
Total revenues, net of interest expense$2,985 $7,738 $30,497 $(3,800)$37,420 
Provisions for credit losses and for benefits and claims$2 $7 $(3,130)$— $(3,121)
Operating expenses
Compensation and benefits$28 $2,637 $9,318 $— $11,983 
Compensation and benefits—intercompany48 — (48)— — 
Other operating25 1,322 9,554 — 10,901 
Other operating—intercompany6 1,488 (1,494)— — 
Total operating expenses$107 $5,447 $17,330 $— $22,884 
Equity in undistributed income of subsidiaries$10,740 $— $— $(10,740)$— 
Income (loss) from continuing operations before income
taxes		$13,616 $2,284 $16,297 $(14,540)$17,657 
Provision (benefit) for income taxes(519)333 3,673 — 3,487 
Income (loss) from continuing operations$14,135 $1,951 $12,624 $(14,540)$14,170 
Income (loss) from discontinued operations, net of taxes— — 8 — 8 
Net income (loss) before attribution of noncontrolling interests$14,135 $1,951 $12,632 $(14,540)$14,178 
Noncontrolling interests— — 43 — 43 
Net income (loss)$14,135 $1,951 $12,589 $(14,540)$14,135 
Comprehensive income
Add: Other comprehensive income (loss)$(3,062)$(43)$(1,429)$1,472 $(3,062)
Total Citigroup comprehensive income (loss)$11,073 $1,908 $11,160 $(13,068)$11,073 
Add: Other comprehensive income attributable to noncontrolling interests$— $— $(40)$— $(40)
Add: Net income attributable to noncontrolling interests— — 43 — 43 
Total comprehensive income (loss)$11,073 $1,908 $11,163 $(13,068)$11,076 
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet
June 30, 2022
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Assets
Cash and due from banks$— $1,103 $23,799 $— $24,902 
Cash and due from banks—intercompany14 5,357 (5,371)— — 
Deposits with banks, net of allowance— 8,105 251,023 — 259,128 
Deposits with banks—intercompany3,500 10,417 (13,917)— — 
Securities borrowed and purchased under resale agreements— 301,364 59,970 — 361,334 
Securities borrowed and purchased under resale agreements—intercompany— 19,070 (19,070)— — 
Trading account assets193 191,486 149,196 — 340,875 
Trading account assets—intercompany908 2,991 (3,899)— — 
Investments, net of allowance1 234 513,643 — 513,878 
Loans, net of unearned income— 1,862 655,471 — 657,333 
Loans, net of unearned income—intercompany— — — — — 
Allowance for credit losses on loans (ACLL)— — (15,952)— (15,952)
Total loans, net$— $1,862 $639,519 $— $641,381 
Advances to subsidiaries$142,832 $— $(142,832)$— $— 
Investments in subsidiaries222,196 — — (222,196)— 
Other assets, net of allowance(1)
11,177 90,338 137,891 — 239,406 
Other assets—intercompany3,857 77,889 (81,746)— — 
Total assets$384,678 $710,216 $1,508,206 $(222,196)$2,380,904 
Liabilities and equity
Deposits $— $— $1,321,848 $— $1,321,848 
Deposits—intercompany— — — — — 
Securities loaned and sold under repurchase agreements— 179,917 18,555 — 198,472 
Securities loaned and sold under repurchase agreements—intercompany— 63,380 (63,380)— — 
Trading account liabilities29 114,029 66,395 — 180,453 
Trading account liabilities—intercompany141 2,624 (2,765)— — 
Short-term borrowings— 18,372 21,682 — 40,054 
Short-term borrowings—intercompany— 19,557 (19,557)— — 
Long-term debt167,874 71,603 17,948 — 257,425 
Long-term debt—intercompany— 86,144 (86,144)— — 
Advances from subsidiaries 14,834 — (14,834)— — 
Other liabilities2,639 97,035 83,352 — 183,026 
Other liabilities—intercompany147 17,915 (18,062)— — 
Stockholders’ equity199,014 39,640 183,168 (222,196)199,626 
Total liabilities and equity$384,678 $710,216 $1,508,206 $(222,196)$2,380,904 

(1)Other assets for Citigroup parent company at June 30, 2022 included $36.8 billion of placements to Citibank and its branches, of which $27.1 billion had a remaining term of less than 30 days.
Condensed Consolidating Balance Sheet
December 31, 2021
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Assets
Cash and due from banks$— $834 $26,681 $— $27,515 
Cash and due from banks—intercompany17 6,890 (6,907)— — 
Deposits with banks, net of allowance— 7,936 226,582 — 234,518 
Deposits with banks—intercompany3,500 11,005 (14,505)— — 
Securities borrowed and purchased under resale agreements— 269,608 57,680 — 327,288 
Securities borrowed and purchased under resale agreements—intercompany— 23,362 (23,362)— — 
Trading account assets248 189,841 141,856 — 331,945 
Trading account assets—intercompany1,215 1,438 (2,653)— — 
Investments, net of allowance1 224 512,597 — 512,822 
Loans, net of unearned income— 2,293 665,474 — 667,767 
Loans, net of unearned income—intercompany— — — — — 
Allowance for credit losses on loans (ACLL)— — (16,455)— (16,455)
Total loans, net$— $2,293 $649,019 $— $651,312 
Advances to subsidiaries$142,144 $— $(142,144)$— $— 
Investments in subsidiaries223,303 — — (223,303)— 
Other assets, net of allowance(1)
10,589 69,312 126,112 — 206,013 
Other assets—intercompany2,737 60,567 (63,304)— — 
Total assets$383,754 $643,310 $1,487,652 $(223,303)$2,291,413 
Liabilities and equity
Deposits $— $— $1,317,230 $— $1,317,230 
Deposits—intercompany— — — — — 
Securities loaned and sold under repurchase agreements— 171,818 19,467 — 191,285 
Securities loaned and sold under repurchase agreements—intercompany— 62,197 (62,197)— — 
Trading account liabilities17 122,383 39,129 — 161,529 
Trading account liabilities—intercompany777 500 (1,277)— — 
Short-term borrowings— 13,425 14,548 — 27,973 
Short-term borrowings—intercompany— 17,230 (17,230)— — 
Long-term debt164,945 61,416 28,013 — 254,374 
Long-term debt—intercompany— 76,335 (76,335)— — 
Advances from subsidiaries 13,469 — (13,469)— — 
Other liabilities2,574 68,206 65,570 — 136,350 
Other liabilities—intercompany— 11,774 (11,774)— — 
Stockholders’ equity201,972 38,026 185,977 (223,303)202,672 
Total liabilities and equity$383,754 $643,310 $1,487,652 $(223,303)$2,291,413 
(1)Other assets for Citigroup parent company at December 31, 2021 included $30.5 billion of placements to Citibank and its branches, of which $19.5 billion had a remaining term of less than 30 days.
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2022
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Net cash provided by (used in) operating activities of continuing operations$(6,787)$(5,447)$8,965 $— $(3,269)
Cash flows from investing activities of continuing operations
Available-for-sale debt securities:
Purchases of investments$— $— $(123,528)$— $(123,528)
Proceeds from sales of investments— — 79,952 — 79,952 
Proceeds from maturities of investments— — 76,871 — 76,871 
Held-to-maturity debt securities:
Purchases of investments— — (34,317)— (34,317)
Proceeds from maturities of investments— — 5,821 — 5,821 
Change in loans— — (14,790)— (14,790)
Proceeds from sales and securitizations of loans— — 1,562 — 1,562 
Proceeds from divestitures— — 1,940 — 1,940 
Change in securities borrowed and purchased under agreements to resell— (27,194)(6,852)— (34,046)
Changes in investments and advances—intercompany(2,951)(16,450)19,401 — — 
Other investing activities
— (25)(2,741)— (2,766)
Net cash provided by (used in) investing activities of continuing operations$(2,951)$(43,669)$3,319 $— $(43,301)
Cash flows from financing activities of continuing operations
Dividends paid$(2,514)$(266)$266 $— $(2,514)
Treasury stock acquired(3,200)— — — (3,200)
Proceeds (repayments) from issuance of long-term debt, net14,418 21,082 (3,635)— 31,865 
Proceeds (repayments) from issuance of long-term debt—intercompany, net— 11,110 (11,110)— — 
Change in deposits— — 25,360 — 25,360 
Change in securities loaned and sold under agreements to repurchase— 9,282 (2,095)— 7,187 
Change in short-term borrowings— 4,947 7,134 — 12,081 
Net change in short-term borrowings and other advances—intercompany1,365 1,027 (2,392)— — 
Capital contributions from (to) parent— 250 (250)— — 
Other financing activities(334)1 (1)— (334)
Net cash provided by (used in) financing activities of continuing operations$9,735 $47,433 $13,277 $— $70,445 
Effect of exchange rate changes on cash and due from banks$— $— $(1,878)$— $(1,878)
Change in cash and due from banks and deposits with banks$(3)$(1,683)$23,683 $— $21,997 
Cash and due from banks and deposits with banks at beginning of period3,517 26,665 231,851 — 262,033 
Cash and due from banks and deposits with banks at end of period$3,514 $24,982 $255,534 $— $284,030 
Cash and due from banks$14 $6,460 $18,428 $— $24,902 
Deposits with banks, net of allowance3,500 18,522 237,106 — 259,128 
Cash and due from banks and deposits with banks at end of period$3,514 $24,982 $255,534 $— $284,030 
Supplemental disclosure of cash flow information for continuing operations
Cash paid (received) during the period for income taxes$(15)$(8)$1,684 $— $1,661 
Cash paid during the period for interest
1,305 1,869 3,110 — 6,284 
Non-cash investing activities
Transfer of investment securities from AFS to HTM$— $— $21,522 $— $21,522 
Decrease in net loans associated with divestitures reclassified to HFS— — 17,758 — 17,758 
Decrease in goodwill associated with divestitures reclassified to HFS— — 873 — 873 
Transfers to loans HFS (Other assets) from loans
— — 1,874 — 1,874 
Non-cash financing activities
Decrease in deposits associated with divestitures reclassified to HFS$— $— $20,741 $— $20,741 
Condensed Consolidating Statement of Cash Flows

Six Months Ended June 30, 2021
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Net cash provided by (used in) operating activities of continuing operations$1,429 $5,912 $16,222 $— $23,563 
Cash flows from investing activities of continuing operations
Available-for-sale debt securities:
Purchases of investments$— $— $(114,240)$— $(114,240)
Proceeds from sales of investments— — 66,135 — 66,135 
Proceeds from maturities of investments— — 62,904 — 62,904 
Held-to-maturity debt securities:
Purchases of investments— — (87,049)— (87,049)
Proceeds from maturities of investments— — 12,291 — 12,291 
Change in loans— — (3,088)— (3,088)
Proceeds from sales and securitizations of loans— — 869 — 869 
Change in securities borrowed and purchased under agreements to resell— (14,084)(251)— (14,335)
Changes in investments and advances—intercompany(2,424)(7,360)9,784 — — 
Other investing activities— (15)(1,583)— (1,598)
Net cash provided by (used in) investing activities of continuing operations$(2,424)$(21,459)$(54,228)$— $(78,111)
Cash flows from financing activities of continuing operations
Dividends paid$(2,663)$(187)$187 $— $(2,663)
Issuance of preferred stock2,300 — — — 2,300 
Redemption of preferred stock(3,785)— — — (3,785)
Treasury stock acquired(4,381)— — — (4,381)
Proceeds (repayments) from issuance of long-term debt, net7,576 8,446 (16,405)— (383)
Proceeds (repayments) from issuance of long-term debt—intercompany, net— 11,040 (11,040)— — 
Change in deposits— — 29,610 — 29,610 
Change in securities loaned and sold under agreements to repurchase— (9,152)31,444 — 22,292 
Change in short-term borrowings— 3,358 (1,410)— 1,948 
Net change in short-term borrowings and other advances—intercompany772 4,885 (5,657)— — 
Other financing activities(324)— — — (324)
Net cash provided by financing activities of continuing operations$(505)$18,390 $26,729 $— $44,614 
Effect of exchange rate changes on cash and due from banks$— $— $(443)$— $(443)
Change in cash and due from banks and deposits with banks$(1,500)$2,843 $(11,720)$— $(10,377)
Cash and due from banks and deposits with banks at beginning of period4,516 20,112 284,987 — 309,615 
Cash and due from banks and deposits with banks at end of period$3,016 $22,955 $273,267 $— $299,238 
Cash and due from banks$16 $6,642 $20,459 $— $27,117 
Deposits with banks, net of allowance3,000 16,313 252,808 — 272,121 
Cash and due from banks and deposits with banks at end of period$3,016 $22,955 $273,267 $— $299,238 
Supplemental disclosure of cash flow information for continuing operations
Cash paid during the period for income taxes$(1,437)$649 $2,964 $— $2,176 
Cash paid during the period for interest1,287 1,197 1,442 — 3,926 
Non-cash investing activities
Transfers to loans HFS from loans$— $— $961 $— $961