EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2011

EARNINGS PER SHARE

Reconciliation of the income and share data used in the basic and diluted earnings per share computations

		Three Months Ended September 30,						Nine Months Ended September 30,
In millions, except per-share amounts		2011(1)			2010(1)			2011(1)		2010(1)
Income from continuing operations before attribution of noncontrolling interests		$	3,742		$	2,601		$	10,105	$	9,578
Less: Noncontrolling interests from continuing operations			(28	)		110			106		170
Net income from continuing operations (for EPS purposes)		$	3,770		$	2,491		$	9,999	$	9,408
Income (loss) from discontinued operations, net of taxes			1			(374	)		112		(166	)
Less: Noncontrolling interests from discontinued operations			—			(51	)		—		(51	)
Citigroup's net income		$	3,771		$	2,168		$	10,111	$	9,293
Less: Preferred dividends			4			—			17		—
Net income available to common shareholders		$	3,767		$	2,168		$	10,094	$	9,293
Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares that contain nonforfeitable rights to dividends, applicable to basic EPS			70			20			164		78
Net income allocated to common shareholders for basic EPS		$	3,697		$	2,148		$	9,930	$	9,215
Add: Interest expense, net of tax, on convertible securities and adjustment of undistributed earnings allocated to employee restricted and deferred shares that contain nonforfeitable rights to dividends, applicable to diluted EPS			6			1			12		2
Net income allocated to common shareholders for diluted EPS		$	3,703		$	2,149		$	9,942	$	9,217
Weighted-average common shares outstanding applicable to basic EPS			2,910.8			2,887.8			2,907.9		2,872.4
Effect of dilutive securities
	TDECs		87.6			87.6			87.6		87.8
	Options		—			—			1.0		0.1
	Other employee plans		0.1			2.4			0.8		1.8
	Convertible securities		0.1			—			0.1		0.1
Adjusted weighted-average common shares outstanding applicable to diluted EPS			2,998.6			2,977.8			2,997.4		2,962.2
Basic earnings per share(2)
Income from continuing operations		$	1.27		$	0.85		$	3.38	$	3.25
Discontinued operations			—			(0.11	)		0.04		(0.04	)
Net income		$	1.27		$	0.74		$	3.41	$	3.21
Diluted earnings per share(2)
Income from continuing operations		$	1.23		$	0.83		$	3.28	$	3.15
Discontinued operations			—			(0.11	)		0.04		(0.04	)
Net income		$	1.23		$	0.72		$	3.32	$	3.11

(1)

All per share amounts and Citigroup shares outstanding for all periods reflect Citigroup's 1-for-10 reverse stock split, which was effective May 6, 2011.

(2)

Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share amount on net income.