CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2012

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

16.    CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

        Changes in each component of Accumulated other comprehensive income (loss) for the three-month periods ended March 31, 2012 and 2011 are as follows:

Three months ended March 31, 2012: In millions of dollars	Net unrealized gains (losses) on investment securities			Foreign currency translation adjustment, net of hedges			Cash flow hedges			Pension liability adjustments			Accumulated other comprehensive income (loss)
Balance, December 31, 2011	$	(35	)	$	(10,651	)	$	(2,820	)	$	(4,282	)	$	(17,788	)
Change in net unrealized gains (losses) on investment securities, net of taxes(1)(2)		(774	)		—			—			—			(774	)
Foreign currency translation adjustment, net of taxes(3)(4)		—			1,697			—			—			1,697
Cash flow hedges, net of taxes(5)		—			—			220			—			220
Pension liability adjustment, net of taxes(6)		—			—			—			(90	)		(90	)
Change	$	(774	)	$	1,697		$	220		$	(90	)	$	1,053
Balance, March 31, 2012	$	(809	)	$	(8,954	)	$	(2,600	)	$	(4,372	)	$	(16,735	)

Three months ended March 31, 2011: In millions of dollars	Net unrealized gains (losses) on investment securities			Foreign currency translation adjustment, net of hedges			Cash flow hedges			Pension liability adjustments			Accumulated other comprehensive income (loss)
Balance, December 31, 2010	$	(2,395	)	$	(7,127	)	$	(2,650	)	$	(4,105	)	$	(16,277	)
Change in net unrealized gains (losses) on investment securities, net of taxes(1)		740			—			—			—			740
Foreign currency translation adjustment, net of taxes(3)		—			1,364			—			—			1,364
Cash flow hedges, net of taxes(5)		—			—			152			—			152
Pension liability adjustment, net of taxes(6)		—			—			—			37			37
Change	$	740		$	1,364		$	152		$	37		$	2,293
Balance, March 31, 2011	$	(1,655	)	$	(5,763	)	$	(2,498	)	$	(4,068	)	$	(13,984	)

(1)

The after-tax realized gains (losses) on sales and impairments of securities during the three months ended March 31, 2012 and March 31, 2011 were $406 million and $(686) million, respectively. For details of the realized gains(losses) on sales and impairments on Citigroup's investment securities included in income, see Note 11 to the Consolidated Financial Statements.

(2)

Includes the after-tax impact of realized gains from the sales of minority investments; $672 million from HDFC and $421 million from SPDB.

(3)

For the first quarter of 2012, primarily reflects the movements in (by order of impact) the Mexican peso, Turkish lira, Japanese yen, Euro and Polish zloty against the U.S. dollar, and changes in related tax effects and hedges. For the first quarter of 2011, primarily reflects the movements in (by order of impact) the Euro, Mexican peso, British pound and Korean won against the U.S. dollar, and changes in related tax effects and hedges.

(4)

Includes the after-tax impact of $636 million impairment charge related to Akbank.

(5)

Primarily driven by Citigroup's pay fixed/receive floating interest rate swap programs that are hedging the floating rates on deposits and long-term debt.

(6)

Reflects adjustments to the funded status of pension and postretirement plans, which is the difference between the fair value of the plan assets and the projected benefit obligation.