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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
Total Citigroup common stockholders’ equity
Common stock and additional paid-in capital (APIC)
Retained earnings
Treasury stock, at cost
Citigroup's accumulated other comprehensive income (loss)
Noncontrolling interests
Balance, beginning of period at Dec. 31, 2020     $ 19,480   $ 107,877 $ 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 [1]    
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)
Net income before attribution of noncontrolling interests $ 14,178         14,135     43
Common dividends [2]           (2,136)      
Preferred dividends (545)         (545)      
Treasury stock acquired [3]             (4,600)    
Transactions between Citigroup and the noncontrolling-interest shareholders                 1
Citigroup’s total other comprehensive income               (3,062) (40)
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 (65,261) (35,011) 724
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     (2,285)            
Employee benefit plans         112   8 [1]    
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         6 (8)     (2)
Net income before attribution of noncontrolling interests 6,203         6,193     10
Common dividends [2]           (1,062)      
Preferred dividends (253)         (253)      
Treasury stock acquired [3]             (3,000)    
Transactions between Citigroup and the noncontrolling-interest shareholders                 1
Citigroup’s total other comprehensive income               (109) 18
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
Balance, beginning of period at Dec. 31, 2021 202,672   18,995   108,034 184,948 (71,240) (38,765) 700
Increase (Decrease) in Stockholders' Equity                  
Employee benefit plans         206   502 [1]    
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)         1 1     1
Net income before attribution of noncontrolling interests 8,891         8,853     38
Common dividends [2]           (2,024)      
Preferred dividends (517)         (517)      
Treasury stock acquired [3]             (3,250)    
Transactions between Citigroup and the noncontrolling-interest shareholders                 (34)
Distributions paid to noncontrolling-interest shareholders                 (11)
Citigroup’s total other comprehensive income               (6,730) (82)
Net change in noncontrolling interests                 (88)
Balance, end of period at Jun. 30, 2022 199,626 199,014 18,995 180,019 108,241 191,261 (73,988) (45,495) 612
Balance, beginning of period at Mar. 31, 2022     18,995   108,081 187,962 (73,744) (43,585) 644
Increase (Decrease) in Stockholders' Equity                  
Employee benefit plans         160   6 [1]    
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)                 2
Net income before attribution of noncontrolling interests 4,568         4,547     21
Common dividends [2]           (1,010)      
Preferred dividends (238)         (238)      
Treasury stock acquired [3]             (250)    
Transactions between Citigroup and the noncontrolling-interest shareholders                 (1)
Distributions paid to noncontrolling-interest shareholders                 (1)
Citigroup’s total other comprehensive income               (1,910) (53)
Net change in noncontrolling interests                 (32)
Balance, end of period at Jun. 30, 2022 $ 199,626 $ 199,014 $ 18,995 $ 180,019 $ 108,241 $ 191,261 $ (73,988) $ (45,495) $ 612
[1] 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.
[2] Common dividends declared were $0.51 per share for each of the first and second quarters of 2022 and 2021.
[3] Primarily consists of open market purchases under Citi’s Board of Directors-approved common share repurchase program.