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OPERATING SEGMENTS
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
OPERATING SEGMENTS OPERATING SEGMENTS
The operating segments and reporting units reflect how the CEO, who is the chief operating decision maker, manages the Company, including allocating resources and measuring performance.
Citigroup’s activities are conducted through three operating segments: Institutional Clients Group (ICG), Personal Banking and Wealth Management (PBWM) and Legacy Franchises, with Corporate/Other including activities not assigned to a specific operating segment, as well as discontinued operations.
ICG consists of Services, Markets and Banking, providing corporate, institutional and public sector clients around the world with a full range of wholesale banking products and services.
PBWM consists of U.S. Personal Banking and Global Wealth Management (Global Wealth), providing traditional banking services and credit cards to retail and small business customers primarily in the U.S., and financial services to clients from affluent to ultra-high-net-worth through banking, lending, mortgages, investment, custody and trust product offerings in 20 countries, including the U.S., Mexico and the four wealth management centers: Singapore, Hong Kong, the UAE and London.
Legacy Franchises consists of Asia Consumer and Mexico Consumer/SBMM businesses that Citi intends to exit, and its remaining Legacy Holdings Assets.
Corporate/Other includes activities not assigned to the operating segments, including certain unallocated costs of global functions, other corporate expenses and corporate treasury results, offsets to certain line-item reclassifications and eliminations, and unallocated taxes, as well as discontinued operations.
Revenues and expenses directly associated with each respective business segment or component are included in determining respective operating results. Other revenues and expenses that are not directly attributable to a particular business segment or component are generally allocated from Corporate/Other based on respective net revenues, non-interest expenses or other relevant measures.
As a result of revenues and expenses from transactions with other operating segments or components being treated as transactions with external parties for purposes of segment disclosures, the Company includes intersegment eliminations within Corporate/Other to reconcile the business segment results to Citi’s consolidated results.
The accounting policies of these operating segments are the same as those disclosed in Note 1 to the Consolidated Financial Statements in Citi’s 2022 Form 10-K.
The following tables present certain information regarding the Company’s continuing operations by operating segment and Corporate/Other:

Three Months Ended June 30,
In millions of dollars, except identifiable assets, average loans and average deposits in billionsICGPBWMLegacy FranchisesCorporate/OtherTotal Citi
2023202220232022202320222023202220232022
Net interest income$5,623 $4,520 $5,963 $5,569 $1,345 $1,474 $969 $401 $13,900 $11,964 
Non-interest revenue4,818 6,899 432 460 578 461 (292)(146)5,536 7,674 
Total revenues, net of interest expense$10,441 $11,419 $6,395 $6,029 $1,923 $1,935 $677 $255 $19,436 $19,638 
Operating expense7,286 6,434 4,204 3,985 1,778 1,814 302 160 13,570 12,393 
Provisions (releases) for credit losses58 (202)1,579 1,355 300 121 (113)— 1,824 1,274 
Income (loss) from continuing operations before taxes$3,097 $5,187 $612 $689 $(155)$— $488 $95 $4,042 $5,971 
Provision (benefits) for income taxes878 1,209 118 136 (33)15 127 (178)1,090 1,182 
Income (loss) from continuing operations$2,219 $3,978 $494 $553 $(122)$(15)$361 $273 $2,952 $4,789 
Identifiable assets (June 30, 2023 and December 31, 2022)
$1,765 $1,730 $473 $494 $92 $97 $94 $96 $2,424 $2,417 
Average loans278 297 339 317 37 43 — — 654 657 
Average deposits837 830 431 435 51 51 19 7 1,338 1,323 
Six Months Ended June 30,
In millions of dollars, except average loans and average deposits in billionsICGPBWMLegacy FranchisesCorporate/OtherTotal Citi
2023202220232022202320222023202220232022
Net interest income$10,651 $8,304 $11,897 $10,954 $2,635 $2,982 $2,065 $595 $27,248 $22,835 
Non-interest revenue11,023 14,275 946 980 2,140 884 (474)(150)13,635 15,989 
Total revenues, net of interest expense$21,674 $22,579 $12,843 $11,934 $4,775 $3,866 $1,591 $445 $40,883 $38,824 
Operating expense14,259 13,157 8,458 7,874 3,530 4,107 612 420 26,859 25,558 
Provisions for credit losses(14)769 3,170 979 645 281 (2)— 3,799 2,029 
Income (loss) from continuing operations before taxes$7,429 $8,653 $1,215 $3,081 $600 $(522)$981 $25 $10,225 $11,237 
Provision (benefits) for income taxes1,912 2,017 232 668 116 (122)361 (440)2,621 2,123 
Income (loss) from continuing operations$5,517 $6,636 $983 $2,413 $484 $(400)$620 $465 $7,604 $9,114 
Average loans$281 $293 $336 $315 $37 $45 $— $— $654 $653 
Average deposits845 828 433 441 51 53 22 6 1,351 1,328