LEASES (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

ROU asset and lease liabilities

The following table presents information on the right-of-use (ROU) asset and lease liabilities included in Premises and equipment and Other liabilities, respectively:

In millions of dollars	December 31, 2022		December 31, 2021
ROU asset	$	2,892	$	2,914
Lease liability	3,076		3,116

Operating lease expense

The following table presents the total operating lease expense (principally for offices, branches and equipment) included in the Consolidated Statement of Income:

In millions of dollars	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Operating lease expense(1)	$	1,048	$	1,061	$	1,054

(1)     Balances presented net of $3 million, $12 million and $27 million of sublease income for the years ended December 31, 2022, 2021 and 2020, respectively.

Schedule of cash flow supplemental information

The table below provides the Cash Flow Statement Supplemental Information:

In millions of dollars	December 31, 2022		December 31, 2021
Cash paid for amounts included in the measurement of lease liabilities	$	725	$	806
ROU assets obtained in exchange for new operating lease liabilities(1)(2)	775		845

(1)     Represents non-cash activity and, accordingly, is not reflected in the Consolidated Statement of Cash Flows.

(2)    Excludes the decrease in the ROU assets related to the purchase of a previously leased property.

Schedule of future minimum rental payments for operating leases after adoption

Citi’s future lease payments are as follows:

In millions of dollars
2023	$	704
2024	635
2025	541
2026	437
2027	319
Thereafter	769
Total future lease payments	$	3,405
Less imputed interest (based on weighted-average discount rate of 3.1%)	$	(329)
Lease liability	$	3,076