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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                    
Redemption of preferred stock     0                    
Employee benefit plans         343       513 [2]        
Preferred stock issuance costs (reclassifications to retained earnings for redemptions)         0                
Other (primarily preferred stock issuance costs related to new issuances)         1 1             0
Net income before attribution of noncontrolling interests $ 12,400         12,332             68
Common dividends [3]           (3,025)              
Preferred dividends (794)         (794)              
Treasury stock acquired [4]                 (3,250)        
Transactions between Citigroup and noncontrolling-interest shareholders                         (34)
Distributions paid to noncontrolling-interest shareholders                         (51)
Citigroup’s total other comprehensive income                   (9,533)     (126)
Net change in noncontrolling interests                         (143)
Balance, end of period at Sep. 30, 2022 199,117 $ 198,560 18,995 $ 179,565 108,378 193,462     (73,977) (48,298)     557
Balance, beginning of period at Jun. 30, 2022     18,995   108,241 191,261 0 191,261 (73,988) (45,495) 0 (45,495) 612
Increase (Decrease) in Stockholders' Equity                          
Issuance of new preferred stock     0                    
Redemption of preferred stock     0                    
Employee benefit plans         137       11 [2]        
Preferred stock issuance costs (reclassifications to retained earnings for redemptions)         0                
Other (primarily preferred stock issuance costs related to new issuances)         0 0             (2)
Net income before attribution of noncontrolling interests 3,509         3,479             30
Common dividends [3]           (1,001)              
Preferred dividends (277)         (277)              
Treasury stock acquired [4]                 0        
Transactions between Citigroup and noncontrolling-interest shareholders                         0
Distributions paid to noncontrolling-interest shareholders                         (39)
Citigroup’s total other comprehensive income                   (2,803)     (44)
Net change in noncontrolling interests                         (55)
Balance, end of period at Sep. 30, 2022 199,117 198,560 18,995 179,565 108,378 193,462     (73,977) (48,298)     557
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     2,750                    
Redemption of preferred stock     (2,250)                    
Employee benefit plans         296       729 [2]        
Preferred stock issuance costs (reclassifications to retained earnings for redemptions)         16                
Other (primarily preferred stock issuance costs related to new issuances)         (13) (16)             8
Net income before attribution of noncontrolling interests 11,189         11,067             122
Common dividends [3]           (3,042)              
Preferred dividends (898)         (898)              
Treasury stock acquired [4]                 (1,500)        
Transactions between Citigroup and noncontrolling-interest shareholders                         (14)
Distributions paid to noncontrolling-interest shareholders                         (82)
Citigroup’s total other comprehensive income                   858     9
Net change in noncontrolling interests                         43
Balance, end of period at Sep. 30, 2023 210,195 209,503 19,495 190,008 108,788 202,135     (74,738) (46,177)     692
Balance, beginning of period at Jun. 30, 2023     20,245   108,610 199,976 $ 0 $ 199,976 (74,247) (45,865) $ 0 $ (45,865) 703
Increase (Decrease) in Stockholders' Equity                          
Issuance of new preferred stock     1,500                    
Redemption of preferred stock     (2,250)                    
Employee benefit plans         170       9 [2]        
Preferred stock issuance costs (reclassifications to retained earnings for redemptions)         16                
Other (primarily preferred stock issuance costs related to new issuances)         (8) (16)             0
Net income before attribution of noncontrolling interests 3,587         3,546             41
Common dividends [3]           (1,038)              
Preferred dividends (333)         (333)              
Treasury stock acquired [4]                 (500)        
Transactions between Citigroup and noncontrolling-interest shareholders                         (15)
Distributions paid to noncontrolling-interest shareholders                         0
Citigroup’s total other comprehensive income                   (312)     (37)
Net change in noncontrolling interests                         (11)
Balance, end of period at Sep. 30, 2023 $ 210,195 $ 209,503 $ 19,495 $ 190,008 $ 108,788 $ 202,135     $ (74,738) $ (46,177)     $ 692
[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 1Q23 and 2Q23, $0.53 per share for 3Q23 and $0.51 per share for each of 1Q22, 2Q22 and 3Q22.
[4] Primarily consists of open market purchases under Citi’s Board of Directors–approved common stock repurchase program.