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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - 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 of adoption
[1]
Retained earnings
Adjusted balance
Treasury stock, at cost
Citigroup's accumulated other comprehensive income (loss)
Citigroup's accumulated other comprehensive income (loss)
Cumulative effect of adoption
[1]
Citigroup's accumulated other comprehensive income (loss)
Adjusted balance
Noncontrolling interests
Beginning of year balance, net of tax at Dec. 31, 2020     $ 19,480   $ 107,877 $ 168,272 $ 0 $ 168,272 $ (64,129) $ (32,058) $ 0 $ (32,058) $ 758
Preferred stock, beginning of year (in shares) at Dec. 31, 2020     779,000                    
Common stock, beginning of year (in shares) at Dec. 31, 2020         3,099,633,000                
Treasury stock, beginning of year (in shares) at Dec. 31, 2020                 (1,017,544,000)        
Increase (Decrease) in Stockholders' Equity                          
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2016-13 [Member]                        
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 [2]        
Employee benefit plans (in shares)         19,000       7,745,000 [2]        
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         $ 25                
Other         47 (40)             (12)
Citigroup’s net income $ 22,025         21,952             73
Common dividends [3]           (4,196)              
Preferred dividends (1,040)         (1,040)              
Treasury stock acquired [4]                 $ (7,600)        
Treasure stock acquired (in shares) [4]                 (105,498,000)        
Transactions between Citigroup and the noncontrolling-interest shareholders                         (10)
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 0 184,948 $ (71,240) (38,765) 0 (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                 (1,115,297,000)        
Increase (Decrease) in Stockholders' Equity                          
Total (in shares)       1,984,355,000                  
Employee benefit plans         $ 455       $ 523 [2]        
Employee benefit plans (in shares)         17,000       8,190,000 [2]        
Other           1             3
Citigroup’s net income 14,934         14,845             89
Common dividends [3]           (4,028)              
Preferred dividends (1,032)         (1,032)              
Treasury stock acquired [4]                 $ (3,250)        
Treasure stock acquired (in shares) [4]                 (55,576,000)        
Transactions between Citigroup and the noncontrolling-interest shareholders                         (34)
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 $ 290 $ 195,024 $ (73,967) (47,062) $ 27 $ (47,035) 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                  
Issuance of new preferred stock     $ 2,750                    
Issuance of new preferred stock (in shares)     110,000                    
Redemption of preferred stock     $ (4,145)                    
Redemption of preferred stock (in shares)     (166,000)                    
Employee benefit plans         $ 452       $ 729 [2]        
Employee benefit plans (in shares)         23,000       10,276,000 [2]        
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         $ 58                
Other         (13) (73)             8
Citigroup’s net income $ 9,381         9,228             153
Common dividends [3]           (4,076)              
Preferred dividends (1,198)         (1,198)              
Treasury stock acquired [4]                 $ (2,000)        
Treasure stock acquired (in shares) [4]                 (44,171,000)        
Transactions between Citigroup and the noncontrolling-interest shareholders                         (14)
Distributions paid to noncontrolling-interest shareholders                         (82)
Other comprehensive income (loss)                   2,235     84
Net change in noncontrolling interests                         149
End of year balance, net of tax at Dec. 31, 2023 $ 206,251 $ 205,453 $ 17,600 $ 187,853 $ 108,986 $ 198,905     $ (75,238) $ (44,800)     $ 798
Preferred stock, end of year (in shares) at Dec. 31, 2023     704,000                    
Common stock, end of year (in shares) at Dec. 31, 2023         3,099,692,000                
Treasury stock, end of year (in shares) at Dec. 31, 2023 (1,196,577,865)               (1,196,578,000)        
Increase (Decrease) in Stockholders' Equity                          
Total (in shares)       1,903,114,000                  
[1] See Note 1 for additional details.
[2] Includes treasury stock related to certain activity under Citi’s employee restricted or deferred stock programs where shares are withheld to satisfy employees’ tax requirements.
[3] Common dividends declared were $0.51 per share for each of 1Q23 and 2Q23, and $0.53 per share for each of 3Q23 and 4Q23; $0.51 per share for each of 1Q22, 2Q22, 3Q22 and 4Q22; and $0.51 per share for each of 1Q21, 2Q21, 3Q21 and 4Q21.
[4] Primarily consists of open market purchases under Citi’s Board of Directors–approved common stock repurchase program.