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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Jun. 30, 2012
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)  
Changes in each component of Accumulated Other Comprehensive Income (Loss)

 

 

Six months ended June 30, 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 and hedges(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 )

Change in net unrealized gains (losses) on investment securities, net of taxes(1)

     564     —     —     —     564  

Foreign currency translation adjustment, net of taxes and hedges(3)(4)

     —     (1,596 )   —     —     (1,596 )

Cash flow hedges, net of taxes(5)

     —     —     (89 )   —     (89 )

Pension liability adjustment, net of taxes(6)

     —     —     —     107     107  
                       

Change

   $ 564   $ (1,596 ) $ (89 ) $ 107   $ (1,014 )
                       

Balance, June 30, 2012

   $ (245 ) $ (10,550 ) $ (2,689 ) $ (4,265 ) $ (17,749 )
                       

 

Six months ended June 30, 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 and hedges(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 )

Change in net unrealized gains (losses) on investment securities, net of taxes(1)

     1,052     —     —     —     1,052  

Foreign currency translation adjustment, net of taxes and hedges(3)

     —     776     —     —     776  

Cash flow hedges, net of taxes(5)

     —     —     (69 )   —     (69 )

Pension liability adjustment, net of taxes(6)

     —     —     —     3     3  
                       

Change

   $ 1,052   $ 776   $ (69 ) $ 3   $ 1,762  
                       

Balance, June 30, 2011

   $ (603 ) $ (4,987 ) $ (2,567 ) $ (4,065 ) $ (12,222 )
                       
(1)
The after-tax realized gains (losses) on sales and impairments of securities during the six months ended June 30, 2012 and 2011 were $500 million and $(414) 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 the Company's entire interest in Housing Development Finance Corporation Ltd. (HDFC); and $421 million from the Company's interest in Shanghai Pudong Development Bank (SPDB).

(3)
For the second quarter of 2012, primarily reflected the movements in (by order of impact) the Mexican peso, Brazilian real, Indian rupee, Russian ruble and Polish zloty against the U.S. dollar, and changes in related tax effects and hedges. For the first quarter of 2012, primarily reflected 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 six months ended June 30, 2011, primarily reflected the movements in (by order of impact) the Euro, Mexican peso, British pound, Korean won and Turkish lira against the U.S. dollar, and changes in related tax effects and hedges.

(4)
The after-tax impact due to impairment charges and the loss related to Akbank during the six months ended June 30, 2012 was $667 million. See Note 11 to the Consolidated Financial Statements.

(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)
Primarily reflects adjustments based on the final year-end actuarial valuations of the Company's pension and postretirement plans and amortization of amounts previously recognized in other comprehensive income.