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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2013
EARNINGS PER SHARE  
Reconciliation of the income and share data used in the basic and diluted earnings per share computations

 

 

In millions, except per-share amounts   2013   2012  

Income from continuing operations before attribution of noncontrolling interests

  $ 3,965   $ 3,062  

Less: Noncontrolling interests from continuing operations

    90     126  
           

Net income from continuing operations (for EPS purposes)

  $ 3,875   $ 2,936  

Income (loss) from discontinued operations, net of taxes

    (67 )   (5 )
           

Citigroup's net income

  $ 3,808   $ 2,931  

Less: Preferred dividends

    4     4  
           

Net income available to common shareholders

  $ 3,804   $ 2,927  

Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to basic EPS

    72     54  
           

Net income allocated to common shareholders for basic EPS

  $ 3,732   $ 2,873  

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  
           

Net income allocated to common shareholders for diluted EPS

  $ 3,732   $ 2,877  
           

Weighted-average common shares outstanding applicable to basic EPS

    3,040.1     2,926.2  

Effect of dilutive securities

             

T-DECs

        87.7  

Options

    4.0      

Other employee plans

    0.5     0.5  

Convertible securities

    0.1     0.1  
           

Adjusted weighted-average common shares outstanding applicable to diluted EPS

    3,044.7     3,014.5  
           

Basic earnings per share

             

Income from continuing operations

  $ 1.25   $ 0.98  

Discontinued operations

    (0.02 )    
           

Net income

  $ 1.23   $ 0.98  
           

Diluted earnings per share(1)

             

Income from continuing operations

  $ 1.25   $ 0.96  

Discontinued operations

    (0.02 )    
           

Net income

  $ 1.23   $ 0.95  
           

(1)
Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.