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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         (3)   483 [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)         39 (40)     (21)
Net income before attribution of noncontrolling interests $ 18,846         18,779     67
Common dividends [2]           (3,176)      
Preferred dividends (811)         (811)      
Treasury stock acquired [3]             (7,600)    
Transactions between Citigroup and the noncontrolling-interest shareholders                 2
Distributions paid to noncontrolling-interest shareholders                 0
Citigroup’s total other comprehensive income               (4,793) (71)
Net change in noncontrolling interests                 (23)
Balance, end of period at Sep. 30, 2021 201,610 $ 200,875 17,995 $ 182,880 107,953 183,024 (71,246) (36,851) 735
Balance, beginning of period at Jun. 30, 2021     17,995   107,851 179,686 (68,253) (35,120) 751
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     0            
Redemption of preferred stock     0            
Employee benefit plans         60   7 [1]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         0        
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         42 0     (10)
Net income before attribution of noncontrolling interests 4,668         4,644     24
Common dividends [2]           (1,040)      
Preferred dividends (266)         (266)      
Treasury stock acquired [3]             (3,000)    
Transactions between Citigroup and the noncontrolling-interest shareholders                 1
Distributions paid to noncontrolling-interest shareholders                 0
Citigroup’s total other comprehensive income               (1,731) (31)
Net change in noncontrolling interests                 (16)
Balance, end of period at Sep. 30, 2021 201,610 200,875 17,995 182,880 107,953 183,024 (71,246) (36,851) 735
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                  
Issuance of new preferred stock     0            
Redemption of preferred stock     0            
Employee benefit plans         343   513 [1]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         0        
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         1 1     0
Net income before attribution of noncontrolling interests 12,400         12,332     68
Common dividends [2]           (3,025)      
Preferred dividends (794)         (794)      
Treasury stock acquired [3]             (3,250)    
Transactions between Citigroup and the noncontrolling-interest shareholders                 (34)
Distributions paid to noncontrolling-interest shareholders                 (51)
Citigroup’s total other comprehensive income               (9,533) (126)
Net change in noncontrolling interests                 (143)
Balance, end of period at Sep. 30, 2022 199,117 198,560 18,995 179,565 108,378 193,462 (73,977) (48,298) 557
Balance, beginning of period at Jun. 30, 2022     18,995   108,241 191,261 (73,988) (45,495) 612
Increase (Decrease) in Stockholders' Equity                  
Issuance of new preferred stock     0            
Redemption of preferred stock     0            
Employee benefit plans         137   11 [1]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         0        
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         0 0     (2)
Net income before attribution of noncontrolling interests 3,509         3,479     30
Common dividends [2]           (1,001)      
Preferred dividends (277)         (277)      
Treasury stock acquired [3]             0    
Transactions between Citigroup and the noncontrolling-interest shareholders                 0
Distributions paid to noncontrolling-interest shareholders                 (39)
Citigroup’s total other comprehensive income               (2,803) (44)
Net change in noncontrolling interests                 (55)
Balance, end of period at Sep. 30, 2022 $ 199,117 $ 198,560 $ 18,995 $ 179,565 $ 108,378 $ 193,462 $ (73,977) $ (48,298) $ 557
[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, second and third quarters of 2022 and 2021.
[3] Primarily consists of open market purchases under Citi’s Board of Directors-approved common share repurchase program.