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OPERATING SEGMENTS
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
OPERATING SEGMENTS OPERATING SEGMENTS
Effective January 1, 2022, Citi changed its management structure resulting in changes in its operating segments and reporting units to reflect how the CEO, who is the chief operating decision maker, intends to manage the Company, allocate resources and measure performance. Citi reorganized its reporting into three operating segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM) and Legacy Franchises, with Corporate/Other including activities not assigned to a specific operating segment, as well as discontinued operations. The prior-period balances reflect reclassifications to conform the presentation in those periods to the current operating segment structure. Citi’s consolidated results were not impacted by the changes discussed above and remain unchanged for all periods presented.
The operating segments are determined based on how management allocates resources and measures financial performance to make business decisions, and are reflective of the types of customers served and the products and services provided.
ICG consists of Services, Markets and Banking, providing corporate, institutional and public sector clients around the world with a full range of wholesale banking products and services.
PBWM consists of U.S. Personal Banking and Global Wealth Management (Global Wealth), providing traditional banking services and credit cards to retail and small business customers in the U.S., and financial services to the entire continuum of wealth clients—from affluent to ultra-high-net-worth—through banking, lending, mortgages, investment, custody and trust product offerings in 20 countries, including the U.S., Mexico and the four wealth management centers: Singapore, Hong Kong, the UAE and London.
Legacy Franchises consists of Asia Consumer and Mexico Consumer/SBMM businesses that Citi intends to exit, and its remaining Legacy Holdings Assets.
Corporate/Other includes activities not assigned to the operating segments, including certain unallocated costs of global functions, other corporate expenses and net treasury results, offsets to certain line-item reclassifications and eliminations, and unallocated taxes, as well as discontinued operations.
The following tables present certain information regarding the Company’s continuing operations by operating segment and Corporate/Other:
Three Months Ended September 30,
In millions of dollars, except identifiable assets, average loans and average deposits in billionsICGPBWMLegacy FranchisesCorporate/OtherTotal Citi
2022202120222021202220212022202120222021
Net interest income$4,570 $3,738 $5,836 $5,174 $1,385 $1,532 $772 $247 $12,563 $10,691 
Non-interest revenue4,898 6,253 351 678 1,169 4 (473)(179)5,945 6,756 
Total revenues, net of interest expense$9,468 $9,991 $6,187 $5,852 $2,554 $1,536 $299 $68 $18,508 $17,447 
Operating expense6,541 5,963 4,077 3,624 1,845 1,748 286 442 12,749 11,777 
Provisions for credit losses86 24 1,109 (201)167 (14)3 (1)1,365 (192)
Income (loss) from continuing operations before taxes$2,841 $4,004 $1,001 $2,429 $542 $(198)$10 $(373)$4,394 $5,862 
Provision (benefits) for income taxes655 889 209 533 226 3 (211)(232)879 1,193 
Income (loss) from continuing operations$2,186 $3,115 $792 $1,896 $316 $(201)$221 $(141)$3,515 $4,669 
Identifiable assets (September 30, 2022 and December 31, 2021)
$1,706 $1,613 $479 $464 $100 $125 $96 $89 $2,381 $2,291 
Average loans291 289 325 309 39 71 — — 655 669 
Average deposits817 831 428 424 50 80 21 8 1,316 1,343 
Nine Months Ended September 30,
In millions of dollars, except average loans and average deposits in billionsICGPBWMLegacy FranchisesCorporate/OtherTotal Citi
2022202120222021202220212022202120222021
Net interest income$12,874 $11,231 $16,790 $15,324 $4,367 $4,716 $1,367 $404 $35,398 $31,675 
Non-interest revenue19,173 19,697 1,331 2,218 2,053 1,342 (623)(65)21,934 23,192 
Total revenues, net of interest expense$32,047 $30,928 $18,121 $17,542 $6,420 $6,058 $744 $339 $57,332 $54,867 
Operating expense19,698 17,724 11,951 10,593 5,952 5,288 706 1,056 38,307 34,661 
Provisions for credit losses855 (2,209)2,088 (928)448 (174)3 (2)3,394 (3,313)
Income (loss) from continuing operations before taxes$11,494 $15,413 $4,082 $7,877 $20 $944 $35 $(715)$15,631 $23,519 
Provision (benefits) for income taxes2,672 3,435 877 1,756 104 333 (651)(844)3,002 4,680 
Income (loss) from continuing operations$8,822 $11,978 $3,205 $6,121 $(84)$611 $686 $129 $12,629 $18,839 
Average loans$292 $286 $318 $305 $44 $77 $— $— $654 $668 
Average deposits824 819 437 410 52 85 11 9 1,324 1,323