OPERATING SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2022

Information regarding the Company's operations by segment

The following table presents certain information regarding the Company’s continuing operations by operating segment and Corporate/Other:


In millions of dollars, except identifiable assets, average loans and average deposits in billions	ICG						PBWM						Legacy Franchises						Corporate/Other						Total Citi
	2022		2021		2020		2022		2021		2020		2022		2021		2020		2022		2021		2020		2022		2021		2020
Net interest income	$	17,911	$	14,999	$	15,750	$	22,656	$	20,646	$	22,326	$	5,691	$	6,250	$	6,973	$	2,410	$	599	$	(298)	$	48,668	$	42,494	$	44,751
Non-interest revenue	23,295		24,837		25,343		1,561		2,681		2,814		2,781		2,001		2,481		(967)		(129)		112		26,670		29,390		30,750
Total revenues, net of interest expense(1)	$	41,206	$	39,836	$	41,093	$	24,217	$	23,327	$	25,140	$	8,472	$	8,251	$	9,454	$	1,443	$	470	$	(186)	$	75,338	$	71,884	$	75,501
Operating expense	26,299		23,949		22,336		16,258		14,610		13,599		7,782		8,259		6,890		953		1,375		1,549		51,292		48,193		44,374
Provisions for credit losses	911		(2,490)		4,869		3,754		(1,224)		9,885		571		(62)		2,739		3		(2)		2		5,239		(3,778)		17,495
Income (loss) from continuing operations before taxes	$	13,996	$	18,377	$	13,888	$	4,205	$	9,941	$	1,656	$	119	$	54	$	(175)	$	487	$	(903)	$	(1,737)	$	18,807	$	27,469	$	13,632
Provision (benefits) for income taxes	3,258		4,069		3,077		886		2,207		334		128		63		(33)		(630)		(888)		(853)		3,642		5,451		2,525
Income (loss) from continuing operations	$	10,738	$	14,308	$	10,811	$	3,319	$	7,734	$	1,322	$	(9)	$	(9)	$	(142)	$	1,117	$	(15)	$	(884)	$	15,165	$	22,018	$	11,107
Identifiable assets at December 31(2)	$	1,730	$	1,613	$	1,592	$	494	$	464	$	453	$	97	$	125	$	131	$	96	$	89	$	84	$	2,417	$	2,291	$	2,260
Average loans	291		287		298		321		307		304		41		74		83		—		—		—		653		668		685
Average deposits	830		828		780		435		417		358		52		82		81		16		8		11		1,333		1,335		1,230

(1) Includes total Citi revenues, net of interest expense (excluding Corporate/Other), in North America of $34.4 billion, $34.4 billion and $37.1 billion; in EMEA of $14.9 billion, $13.4 billion and $13.4 billion; in Latin America of $9.9 billion, $9.2 billion and $9.4 billion; and in Asia of $14.7 billion, $14.4 billion and $15.8 billion in 2022, 2021 and 2020, respectively. These regional numbers exclude Corporate/Other, which largely reflects U.S. activities.

(2) Includes total Citi identifiable assets (excluding Corporate/Other), in North America of $776 billion, $709 billion and $741 billion; in EMEA of $773 billion, $742 billion and $684 billion; in Latin America of $184 billion, $179 billion and $180 billion; and in Asia of $588 billion, $572 billion and $572 billion in 2022, 2021 and 2020, respectively. These regional numbers exclude Corporate/Other, which largely reflects U.S. activities. The Company’s long-lived assets for the periods presented are not considered to be significant in relation to its total assets. The majority of Citi’s long-lived assets are located in the U.S.