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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
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Retained earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury stock, at cost
Citigroup's accumulated other comprehensive income (loss)
Citigroup's accumulated other comprehensive income (loss)
Cumulative Effect, Period of Adoption, Adjustment
[1]
Citigroup's accumulated other comprehensive income (loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Noncontrolling interests
Balance, beginning of period at Dec. 31, 2021     $ 18,995   $ 108,034 $ 184,948 $ 0 $ 184,948 $ (71,240) $ (38,765) $ 0 $ (38,765) $ 700
Increase (Decrease) in Stockholders' Equity                          
Issuance of new preferred stock     0                    
Employee benefit plans         46       496 [2]        
Other         1 1             (11)
Net income before attribution of noncontrolling interests $ 4,323         4,306             17
Common dividends [3]           (1,014)              
Preferred dividends (279)         (279)              
Treasury stock acquired [4]                 (3,000)        
Transactions between Citigroup and the noncontrolling-interest shareholders                         (33)
Distributions paid to noncontrolling-interest shareholders                         0
Citigroup’s total other comprehensive income                   (4,820)     (29)
Net change in noncontrolling interests                         (56)
Balance, end of period at Mar. 31, 2022 198,353 $ 197,709 18,995 $ 178,714 108,081 187,962     (73,744) (43,585)     644
Balance, beginning of period at Dec. 31, 2022 201,838   18,995   108,489 194,734 $ 290 $ 195,024 (73,967) (47,062) $ 27 $ (47,035) 649
Increase (Decrease) in Stockholders' Equity                          
Issuance of new preferred stock     1,250                    
Employee benefit plans         (84)       705 [2]        
Other         (5) 0             9
Net income before attribution of noncontrolling interests 4,651         4,606             45
Common dividends [3]           (1,000)              
Preferred dividends (277)         (277)              
Treasury stock acquired [4]                 0        
Transactions between Citigroup and the noncontrolling-interest shareholders                         0
Distributions paid to noncontrolling-interest shareholders                         (11)
Citigroup’s total other comprehensive income                   1,594     32
Net change in noncontrolling interests                         75
Balance, end of period at Mar. 31, 2023 $ 209,019 $ 208,295 $ 20,245 $ 188,050 $ 108,400 $ 198,353     $ (73,262) $ (45,441)     $ 724
[1] See Note 1 for additional details.
[2] 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.
[3] Common dividends declared were $0.51 per share for each of the first quarters of 2023 and 2022.
[4] Primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.