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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Millions
Total
Variable post-charge-off third-party collection costs
Citigroup stockholders' equity
Preferred stock at aggregate liquidation value
Total Citigroup common stockholders’ equity
Common stock and additional paid-in capital (APIC)
Retained earnings
Retained earnings
Variable post-charge-off third-party collection costs
Retained earnings
Cumulative effect of adoption
Retained earnings
Adjusted balance
Treasury stock, at cost
Citigroup's accumulated other comprehensive income (loss)
Noncontrolling interests
Beginning of year balance, net of tax at Dec. 31, 2019       $ 17,980   $ 107,871 $ 165,369 $ 330 $ (3,076) $ 162,623 $ (61,660) $ (36,318) $ 704
Preferred stock, beginning of year (in shares) at Dec. 31, 2019       719,000                  
Common stock, beginning of year (in shares) at Dec. 31, 2019           3,099,603,000              
Treasury stock, beginning of year (in shares) at Dec. 31, 2019                     (985,480,000)    
Increase (Decrease) in Stockholders' Equity                          
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2016-13                        
Change in Accounting Principle, Type [Extensible Enumeration] Change in Accounting Principle, Other [Member]                        
Issuance of new preferred stock       $ 3,000                  
Issuance of new preferred stock (in shares)       120,000                  
Redemption of preferred stock       $ (1,500)                  
Redemption of preferred stock (in shares)       (60,000)                  
Employee benefit plans           $ 5         $ 456 [1]    
Employee benefit plans (in shares)           30,000         8,676,000 [1]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)           $ (4)              
Other           5 (4)           (6)
Citigroup’s net income $ 11,047 $ (330)         11,047            
Common dividends [2]             (4,299)            
Preferred dividends (1,095)           (1,095)            
Treasury stock acquired [3]                     $ (2,925)    
Treasure stock acquired (in shares) [3]                     (40,740,000)    
Transactions between Citigroup and the noncontrolling-interest shareholders                         (4)
Net income attributable to noncontrolling-interest shareholders 11,087                       40
Distributions paid to noncontrolling-interest shareholders                         (2)
Other comprehensive income (loss)                       4,260 26
Net change in noncontrolling interests                         54
End of year balance, net of tax at Dec. 31, 2020 200,200   $ 199,442 $ 19,480 $ 179,962 $ 107,877 168,272     $ 168,272 $ (64,129) (32,058) 758
Preferred stock, end of year (in shares) at Dec. 31, 2020       779,000                  
Common stock, end of year (in shares) at Dec. 31, 2020           3,099,633,000              
Treasury stock, end of year (in shares) at Dec. 31, 2020                     (1,017,544,000)    
Increase (Decrease) in Stockholders' Equity                          
Total (in shares)         2,082,089,000                
Issuance of new preferred stock       $ 3,300                  
Issuance of new preferred stock (in shares)       132,000                  
Redemption of preferred stock       $ (3,785)                  
Redemption of preferred stock (in shares)       (151,000)                  
Employee benefit plans           $ 85         $ 489 [1]    
Employee benefit plans (in shares)           19,000         7,745,000 [1]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)           $ 25              
Other           47 (40)           (12)
Citigroup’s net income 21,952           21,952            
Common dividends [2]             (4,196)            
Preferred dividends (1,040)           (1,040)            
Treasury stock acquired [3]                     $ (7,600)    
Treasure stock acquired (in shares) [3]                     (105,498,000)    
Transactions between Citigroup and the noncontrolling-interest shareholders                         (10)
Net income attributable to noncontrolling-interest shareholders 22,025                       73
Distributions paid to noncontrolling-interest shareholders                         (10)
Other comprehensive income (loss)                       (6,707) (99)
Net change in noncontrolling interests                         (58)
End of year balance, net of tax at Dec. 31, 2021 $ 202,672   201,972 $ 18,995 $ 182,977 $ 108,034 184,948       $ (71,240) (38,765) 700
Preferred stock, end of year (in shares) at Dec. 31, 2021       760,000                  
Common stock, end of year (in shares) at Dec. 31, 2021           3,099,652,000              
Treasury stock, end of year (in shares) at Dec. 31, 2021 (1,115,296,641)                   (1,115,297,000)    
Increase (Decrease) in Stockholders' Equity                          
Total (in shares)         1,984,355,000                
Issuance of new preferred stock       $ 0                  
Issuance of new preferred stock (in shares)       0                  
Redemption of preferred stock       $ 0                  
Redemption of preferred stock (in shares)       0                  
Employee benefit plans           $ 455         $ 523 [1]    
Employee benefit plans (in shares)           17,000         8,190,000 [1]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)           $ 0              
Other           0 1           3
Citigroup’s net income $ 14,845           14,845            
Common dividends [2]             (4,028)            
Preferred dividends (1,032)           (1,032)            
Treasury stock acquired [3]                     $ (3,250)    
Treasure stock acquired (in shares) [3]                     (55,576,000)    
Transactions between Citigroup and the noncontrolling-interest shareholders                         (34)
Net income attributable to noncontrolling-interest shareholders 14,934                       89
Distributions paid to noncontrolling-interest shareholders                         (51)
Other comprehensive income (loss)                       (8,297) (58)
Net change in noncontrolling interests                         (51)
End of year balance, net of tax at Dec. 31, 2022 $ 201,838   $ 201,189 $ 18,995 $ 182,194 $ 108,489 $ 194,734       $ (73,967) $ (47,062) $ 649
Preferred stock, end of year (in shares) at Dec. 31, 2022       760,000                  
Common stock, end of year (in shares) at Dec. 31, 2022           3,099,669,000              
Treasury stock, end of year (in shares) at Dec. 31, 2022 (1,162,682,999)                   (1,162,683,000)    
Increase (Decrease) in Stockholders' Equity                          
Total (in shares)         1,936,986,000                
[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 in the first, second, third and fourth quarters of 2022, 2021 and 2020.
[3] Primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.