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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities of continuing operations      
Net income before attribution of noncontrolling interests $ 9,381 $ 14,934 $ 22,025
Net income attributable to noncontrolling interests 153 89 73
Net income 9,228 14,845 21,952
Income (loss) from discontinued operations, net of taxes (1) (231) 7
Income from continuing operations—excluding noncontrolling interests 9,229 15,076 21,945
Adjustments to reconcile net income to net cash provided by (used in) operating activities of continuing operations      
Net loss (gain) on sale of significant disposals [1] (1,462) (762) 700
Depreciation and amortization 4,560 4,262 3,964
Deferred income taxes (2,416) (1,141) 1,413
Provisions for credit losses and for benefits and claims [2] 9,186 5,239 (3,778)
Realized gains from sales of investments (188) (67) (665)
Impairment losses on investments and other assets 323 499 206
Goodwill impairment 0 535 0
Change in trading account assets (77,838) (2,273) 43,059
Change in trading account liabilities (15,302) 9,118 (6,498)
Change in brokerage receivables net of brokerage payables (5,402) 7,936 1,412
Change in loans held-for-sale (HFS) 1,929 4,421 (3,809)
Change in other assets (6,361) (4,992) (2,139)
Change in other liabilities(2) [3] 3,587 5,343 6,839
Other, net 6,739 (18,125) (15,559)
Total adjustments (82,645) 9,993 25,145
Net cash provided by (used in) operating activities of continuing operations (73,416) 25,069 47,090
Cash flows from investing activities of continuing operations      
Change in securities borrowed and purchased under agreements to resell 19,701 (38,113) (32,576)
Change in loans (44,525) (16,591) (1,173)
Proceeds from sales and securitizations of loans 4,801 4,709 2,918
Net payment due to transfer of net liabilities associated with divestitures [1] (1,393) 5,741 0
Available-for-sale (AFS) debt securities      
Purchases of investments (235,139) (218,747) (205,980)
Proceeds from sales of investments 41,886 79,687 125,895
Proceeds from maturities of investments 200,437 140,934 120,936
Held-to-maturity (HTM) debt securities      
Purchases of investments (1,373) (42,903) (136,450)
Proceeds from maturities of investments 12,838 12,188 21,164
Capital expenditures on premises and equipment and capitalized software (6,583) (5,632) (4,119)
Proceeds from sales of premises and equipment and repossessed assets 56 63 190
Other, net 835 (791) (1,551)
Net cash provided by (used in) investing activities of continuing operations (8,459) (79,455) (110,746)
Cash flows from financing activities of continuing operations      
Dividends paid (5,212) (5,003) (5,198)
Issuance of preferred stock 2,739 0 3,300
Redemption of preferred stock (4,145) 0 (3,785)
Treasury stock acquired (1,977) (3,250) (7,601)
Stock tendered for payment of withholding taxes (329) (344) (337)
Change in securities loaned and sold under agreements to repurchase 75,663 11,159 (8,240)
Issuance of long-term debt 65,819 104,748 70,658
Payments and redemptions of long-term debt (64,959) (57,085) (74,950)
Change in deposits (57,273) 68,415 44,966
Change in short-term borrowings (9,639) 19,123 (1,541)
Net cash provided by financing activities of continuing operations 687 137,763 17,272
Effect of exchange rate changes on cash, due from banks and deposits with banks 95 (3,385) (1,198)
Change in cash, due from banks and deposits with banks (81,093) 79,992 (47,582)
Cash, due from banks and deposits with banks at beginning of year 342,025 262,033 309,615
Cash, due from banks and deposits with banks at end of year 260,932 342,025 262,033
Cash and due from banks (including segregated cash and other deposits) 27,342 30,577 27,515
Deposits with banks, net of allowance 233,590 311,448 234,518
Cash, due from banks and deposits with banks at end of year 260,932 342,025 262,033
Supplemental disclosure of cash flow information for continuing operations      
Cash paid during the year for income taxes 5,727 3,733 4,028
Cash paid during the year for interest 72,989 22,615 7,143
Non-cash investing and financing activities      
Transfer of investment securities from HTM to AFS [1],[4],[5] 3,324 0 0
Transfer of investment securities from AFS to HTM [1],[4],[5] 0 21,688 0
Decrease in net loans associated with divestitures reclassified to HFS [1],[4],[5] 0 16,956 9,945
Decrease in goodwill associated with divestitures reclassified to HFS [1],[4],[5] 0 876 0
Transfers to loans HFS (Other assets) from loans HFI [1],[4],[5] 7,866 5,582 7,414
Transfers from loans HFS (Other assets) to loans HFI [1],[4],[5] 322 0 0
Decrease in long-term debt associated with divestitures reclassified to HFS [1],[5] 0 0 479
Decrease in deposits associated with divestitures reclassified to HFS [1],[5] $ 0 $ 19,691 $ 8,407
[1] See Note 2.
[2] This total excludes the provision for credit losses on AFS securities, which is disclosed separately above.
[3] Includes balances related to the FDIC special assessment and restructuring charges. See Notes 9 and 30.
[4] In January 2023, Citi adopted ASU 2022-01. Upon adoption, Citi transferred $3.3 billion of mortgage-backed securities from HTM classification to AFS classification as allowed under the ASU. At the time of transfer, the securities were in an unrealized gain position of $0.1 billion, which was recorded in AOCI upon transfer.
[5] Operating and finance lease right-of-use assets and lease liabilities represent non-cash investing and financing activities, respectively, and are not included in the non-cash investing activities presented here. See Note 29 for more information and balances as of December 31, 2023 and 2022.