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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
[2]
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     2,750                    
Redemption of preferred stock     (2,250)                    
Employee benefit plans         296       729 [3]        
Other         3 (16)             8
Net income before attribution of noncontrolling interests $ 11,189         11,067             122
Common dividends [4]           (3,042)              
Preferred dividends (898)         (898)              
Treasury stock acquired [5]                 (1,500)        
Transactions between Citigroup and the 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   199,976 (74,247) (45,865)   (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 [3]        
Other         8 (16)             0
Net income before attribution of noncontrolling interests 3,587         3,546             41
Common dividends [4]           (1,038)              
Preferred dividends (333)         (333)              
Treasury stock acquired [5]                 (500)        
Transactions between Citigroup and the 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
Balance, beginning of period at Dec. 31, 2023 206,251   17,600   108,986 198,905   198,905 (75,238) (44,800)   (44,800) 798
Increase (Decrease) in Stockholders' Equity                          
Issuance of new preferred stock     3,800                    
Redemption of preferred stock     (5,050)                    
Employee benefit plans         37       898 [3]        
Other         (23) (20)             0
Net income before attribution of noncontrolling interests 9,943         9,826             117
Common dividends [4]           (3,143)              
Preferred dividends (798)         (798)              
Treasury stock acquired [5]                 (1,500)        
Transactions between Citigroup and the noncontrolling-interest shareholders                         (9)
Distributions paid to noncontrolling-interest shareholders                         (94)
Citigroup’s total other comprehensive income                   (397)     7
Net change in noncontrolling interests                         21
Balance, end of period at Sep. 30, 2024 209,902 209,083 16,350 192,733 109,000 204,770     (75,840) (45,197)     819
Balance, beginning of period at Jun. 30, 2024     18,100   108,816 202,913   $ 202,913 (74,842) (46,677)   $ (46,677) 834
Increase (Decrease) in Stockholders' Equity                          
Issuance of new preferred stock     1,500                    
Redemption of preferred stock     (3,250)                    
Employee benefit plans         174       2 [3]        
Other         10 (15)             0
Net income before attribution of noncontrolling interests 3,273         3,238             35
Common dividends [4]           (1,089)              
Preferred dividends (277)         (277)              
Treasury stock acquired [5]                 (1,000)        
Transactions between Citigroup and the noncontrolling-interest shareholders                         0
Distributions paid to noncontrolling-interest shareholders                         (90)
Citigroup’s total other comprehensive income                   1,480     40
Net change in noncontrolling interests                         (15)
Balance, end of period at Sep. 30, 2024 $ 209,902 $ 209,083 $ 16,350 $ 192,733 $ 109,000 $ 204,770     $ (75,840) $ (45,197)     $ 819
[1] See “Accounting Changes” in Note 1 to the Consolidated Financial Statements in Citi’s 2023 Form 10-K.
[2] See Note 1 to the Consolidated Financial Statements in Citi’s 2023 Form 10-K.
[3] 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.
[4] Common dividends declared were $0.56 for 3Q24, $0.53 per share for both 1Q24 and 2Q24, $0.53 for 3Q23 and $0.51 per share for both 1Q23 and 2Q23.
[5] Primarily consists of open market purchases under Citi’s Board of Directors–approved common stock repurchase program.