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OPERATING SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Information regarding the Company's operations by segment
The following tables present certain information regarding the Company’s continuing operations by reportable operating segments and All Other on a managed basis that excludes divestiture-related impacts. The CODM uses Income (loss) from continuing operations as the performance measure, to evaluate the results of each reportable operating segment by
comparing to and monitoring against budget and prior year results. This information is used to allocate resources to each of the segments and to make operational decisions when managing the Company, such as whether to reinvest profits or to return capital to shareholders through dividends and share repurchases.

In millions of dollars, except identifiable assets,
average loans and average deposits in billions		ServicesMarketsBanking
202420232022202420232022202420232022
Net interest income$13,423 $13,251 $10,365 $7,005 $7,233 $5,768 $2,157 $2,161 $2,130 
Non-interest revenue6,226 4,851 5,300 12,831 11,416 14,177 4,044 2,554 3,397 
Total revenues, net of interest expense(1)
$19,649 $18,102 $15,665 $19,836 $18,649 $19,945 $6,201 $4,715 $5,527 
Compensation expense(2)
$2,371 $2,318 $2,070 $3,611 $3,645 $3,548 $2,703 $3,021 $2,961 
Non-compensation expense(3)
8,228 7,713 6,664 9,591 9,613 8,905 1,774 1,856 1,499 
Total operating expense$10,599 $10,031 $8,734 $13,202 $13,258 $12,453 $4,477 $4,877 $4,460 
Provisions for credit losses and for benefits and claims$276 $950 $207 $463 $438 $117 $(224)$(143)$604 
Provision (benefits) for income taxes2,190 2,420 1,776 1,166 1,015 1,523 419 12 129 
Income (loss) from continuing operations6,584 4,701 4,948 5,005 3,938 5,852 1,529 (31)334 
Identifiable assets at December 31(1)
$584 $586 $600 $949 $1,008 $963 $143 $148 $152 
Average loans85 81 82 120 110 111 88 92 100 
Average deposits819 811 809 21 23 21 1 1 1 
WealthUSPB
202420232022202420232022
Net interest income$4,508 $4,413 $4,681 $21,103 $20,150 $18,062 
Non-interest revenue3,004 2,608 2,674 (729)(963)(1,190)
Total revenues, net of interest expense(1)
$7,512 $7,021 $7,355 $20,374 $19,187 $16,872 
Compensation expense(2)
$2,529 $2,734 $2,501 $2,205 $2,278 $2,077 
Non-compensation expense(3)
3,826 3,751 3,411 7,760 7,824 7,705 
Total operating expense$6,355 $6,485 $5,912 $9,965 $10,102 $9,782 
Provisions for credit losses and for benefits and claims$(126)$(3)$307 $8,598 $6,707 $3,448 
Provision (benefits) for income taxes281 120 141 429 558 872 
Income (loss) from continuing operations1,002 419 995 1,382 1,820 2,770 
Identifiable assets at December 31(1)
$224 $229 $256 $252 $242 $231 
Average loans149 150 150 209 193 171 
Average deposits316 310 312 91 110 115 
All Other(4)
Reconciling Items(5)(6)(7)
Total Citi
202420232022202420232022202420232022
Net interest income$5,899 $7,692 $7,662 $— $— $— $54,095 $54,900 $48,668 
Non-interest revenue1,642 1,750 1,458 26 1,346 854 27,044 23,562 26,670 
Total revenues, net of interest expense(1)
$7,541 $9,442 $9,120 $26 $1,346 $854 $81,139 $78,462 $75,338 
Total operating expense$9,068 $11,241 $9,255 $318 $372 $696 $53,984 $56,366 $51,292 
Provisions for credit losses and for benefits and claims$1,115 $1,304 $480 $7 $(67)$76 $10,109 $9,186 $5,239 
Provision (benefits) for income taxes(182)(979)(1,065)(92)382 266 4,211 3,528 3,642 
Income (loss) from continuing operations(2,460)(2,124)450 (207)659 (184)12,835 9,382 15,165 
Identifiable assets at December 31(1)
$201 $199 $215 $2,353 $2,412 $2,417 
Average loans32 35 39 683 661 653 
Average deposits69 79 75 1,317 1,334 1,333 
The following table presents a reconciliation of total Citigroup income from continuing operations as reported:
2024(5)
2023(6)
2022(7)
Total segments and All Other—Income from continuing operations(4)
$13,042 $8,723 $15,349 
Divestiture-related impact on:
Total revenues, net of interest expense26 1,346 854 
Total operating expenses318 372 696 
Provision (release) for credit losses7 (67)76 
Provision (benefits) for income taxes(92)382 266 
Income from continuing operations$12,835 $9,382 $15,165 

(1)    See “Performance by Geographic Area” below.
(2)    Excludes allocations of Compensation and benefits expense related to services provided by Corporate/Other within All Other, which are allocated from All Other to each respective reportable segment, as applicable, through the non-compensation expense line.
(3)    Non-compensation expense for each reportable segment includes allocated compensation and benefits-related costs from Corporate/Other within All Other to the respective reportable business segments, and expenses related to Technology/communication, Transactional and tax charges, Premises and equipment, Professional services, Advertising and marketing and Other operating (all of which include certain overhead expenses).
(4)    Segment results are presented on a managed basis that excludes divestiture-related impacts related to (i) Citi’s divestitures of its Asia consumer banking businesses and (ii) the planned IPO of Mexico Consumer/SBMM within All Other—Legacy Franchises. Adjustments are included in Legacy Franchises within All Other and are reflected in the reconciliations above to arrive at Citi’s reported results in the Consolidated Statement of Income.
(5)    2024 includes $318 million (approximately $220 million after-tax) in operating expenses primarily related to separation costs in Mexico and severance costs in the Asia exit markets.
(6)    2023 includes (i) an approximate $1.059 billion gain on sale recorded in revenue (approximately $727 million after-tax) related to the India consumer banking business sale; (ii) an approximate $403 million gain on sale recorded in revenue (approximately $284 million after-tax) related to the Taiwan consumer banking business sale; and (iii) approximately $372 million (approximately $263 million after-tax) in operating expenses primarily related to separation costs in Mexico and severance costs in the Asia exit markets.
(7)    2022 includes (i) an approximate $535 million (approximately $489 million after-tax) goodwill write-down due to resegmentation and the timing of Asia consumer banking business divestitures, (ii) an approximate $616 million gain on sale recorded in revenue (approximately $290 million after-tax) related to the Philippines consumer banking business sale, (iii) an approximate $209 million gain on sale recorded in revenue (approximately $115 million after-tax) related to the Thailand consumer banking business sale and (iv) approximately $161 million (approximately $108 million after-tax) in operating expenses primarily related to separation costs in Mexico and severance costs in the Asia exit markets.
Schedule of revenue from external customers by geographic area
The following tables present revenues net of interest expense and identifiable assets between North America and international areas:

In millions of dollars
Revenues, net of interest expense
202420232022
North America(1)
$40,079 $36,707 $34,917 
International(2)(3)
40,392 39,640 38,911 
Corporate/Other(4)
668 2,115 1,510 
Total Citi$81,139 $78,462 $75,338 
In millions of dollars at December 31,
Identifiable assets(5)
20242023
North America(1)
$1,326,443 $1,350,212 
International899,972 940,416 
Corporate/Other126,530 121,206 
Total Citi$2,352,945 $2,411,834 

(1)    Primarily reflects the U.S.
(2)    International represents the summation of international revenues in Services, Markets, Banking, Wealth and All Other—Legacy Franchises, primarily Asia Consumer and Mexico Consumer/SBMM.
(3)    Total revenues for the U.K. were approximately $6.7 billion, $6.9 billion and $7.9 billion for 2024, 2023 and 2022, respectively.
(4)    Corporate/Other revenues, net of interest expense largely reflects U.S. activities, as well as intersegment eliminations.
(5)    The Company’s long-lived assets (Premises and equipment) for the periods presented are not considered significant in relation to its total assets.