EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2012

EARNINGS PER SHARE

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

	Three Months Ended June 30,					Six Months Ended June 30,
In millions, except per-share amounts	2012			2011(1)		2012			2011(1)
Income from continuing operations before attribution of noncontrolling interests	$	2,987		$	3,332	$	6,049		$	6,363
Less: Noncontrolling interests from continuing operations		40			62		166			134
Net income from continuing operations (for EPS purposes)	$	2,947		$	3,270	$	5,883		$	6,229
Income (loss) from discontinued operations, net of taxes		(1	)		71		(6	)		111
Citigroup's net income	$	2,946		$	3,341	$	5,877		$	6,340
Less: Preferred dividends		9			9		13			13
Net income available to common shareholders	$	2,937		$	3,332	$	5,864		$	6,327
Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to basic EPS		69			62		123			96
Net income allocated to common shareholders for basic EPS	$	2,868		$	3,270	$	5,741		$	6,231
Add: Interest expense, net of tax, on convertible securities and adjustment of undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to diluted EPS		4			6		8			7
Net income allocated to common shareholders for diluted EPS	$	2,872		$	3,276	$	5,749		$	6,238
Weighted-average common shares outstanding applicable to basic EPS		2,926.6			2,908.6		2,926.4			2,906.5
Effect of dilutive securities
T-DECs		87.8			87.6		87.8			87.6
Other employee plans		0.5			0.1		0.5			1.1
Convertible securities		0.1			0.1		0.1			0.1
Options		—			0.6		—			1.5
Adjusted weighted-average common shares outstanding applicable to diluted EPS		3,015.0			2,997.0		3,014.8			2,996.8
Basic earnings per share(2)
Income from continuing operations	$	0.98		$	1.10	$	1.96		$	2.11
Discontinued operations		—			0.02		—			0.04
Net income	$	0.98		$	1.12	$	1.96		$	2.14
Diluted earnings per share(2)
Income from continuing operations	$	0.95		$	1.07	$	1.91		$	2.05
Discontinued operations		—			0.02		—			0.04
Net income	$	0.95		$	1.09	$	1.91		$	2.08

(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 on net income.