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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, 2022     $ 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                    
Redemption of preferred stock     0                    
Employee benefit plans         (84)       705 [2]        
Preferred stock issuance costs (reclassifications to Retained earnings for redemptions)         0                
Other (primarily preferred stock issuance costs related to new issuances)         (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
Balance, beginning of period at Dec. 31, 2023 206,251   17,600   108,986 198,905 $ 0 $ 198,905 (75,238) (44,800) $ 0 $ (44,800) 798
Increase (Decrease) in Stockholders' Equity                          
Issuance of new preferred stock     550                    
Redemption of preferred stock     (550)                    
Employee benefit plans         (372)       873 [2]        
Preferred stock issuance costs (reclassifications to Retained earnings for redemptions)         11                
Other (primarily preferred stock issuance costs related to new issuances)         (2) (11)             1
Net income before attribution of noncontrolling interests 3,407         3,371             36
Common dividends [3]           (1,030)              
Preferred dividends (279)         (279)              
Treasury stock acquired [4]                 (500)        
Transactions between Citigroup and the noncontrolling-interest shareholders                         (9)
Distributions paid to noncontrolling-interest shareholders                         0
Citigroup’s total other comprehensive income                   (929)     (13)
Net change in noncontrolling interests                         15
Balance, end of period at Mar. 31, 2024 $ 207,398 $ 206,585 $ 17,600 $ 188,985 $ 108,623 $ 200,956     $ (74,865) $ (45,729)     $ 813
[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 $0.53 per share for 1Q24 and $0.51 per share for 1Q23.
[4] Primarily consists of open market purchases under Citi’s Board of Directors–approved common stock repurchase program.