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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2013
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   2013   2012   2013   2012  

Income from continuing operations before attribution of noncontrolling interests

  $ 4,188   $ 2,979   $ 8,119   $ 6,024  

Less: Noncontrolling interests from continuing operations

    36     40     126     166  
                   

Net income from continuing operations (for EPS purposes)

  $ 4,152   $ 2,939   $ 7,993   $ 5,858  

Income (loss) from discontinued operations, net of taxes

    30     7     (3 )   19  
                   

Citigroup's net income

  $ 4,182   $ 2,946   $ 7,990   $ 5,877  

Less: Preferred dividends

    9     9     13     13  
                   

Net income available to common shareholders

  $ 4,173   $ 2,937   $ 7,977   $ 5,864  

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

    83     69     155     123  
                   

Net income allocated to common shareholders for basic EPS

  $ 4,090   $ 2,868   $ 7,822   $ 5,741  

Add: Interest expense, net of tax, and dividends on convertible securities and adjustment of undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to diluted EPS

    1     4     1     8  
                   

Net income allocated to common shareholders for diluted EPS

  $ 4,091   $ 2,872   $ 7,823   $ 5,749  
                   

Weighted-average common shares outstanding applicable to basic EPS

    3,040.7     2,926.6     3,040.4     2,926.4  

Effect of dilutive securities

                         

T-DECs(1)

        87.8         87.8  

Options(2)

    5.0         4.5      

Other employee plans

    0.5     0.5     0.5     0.5  

Convertible securities(3)

    0.1     0.1     0.1     0.1  
                   

Adjusted weighted-average common shares outstanding applicable to diluted EPS

    3,046.3     3,015.0     3,045.5     3,014.8  
                   

Basic earnings per share(4)

                         

Income from continuing operations

  $ 1.34   $ 0.98   $ 2.57   $ 1.96  

Discontinued operations

    0.01             0.01  
                   

Net income

  $ 1.35   $ 0.98   $ 2.57   $ 1.96  
                   

Diluted earnings per share(4)

                         

Income from continuing operations

  $ 1.33   $ 0.95   $ 2.57   $ 1.90  

Discontinued operations

    0.01             0.01  
                   

Net income

  $ 1.34   $ 0.95   $ 2.57   $ 1.91  
                   

(1)
Pursuant to the terms of Citi's previously outstanding Tangible Dividend Enhanced Common Stock Securities (T-DECs), on December 17, 2012, the Company delivered 96,337,772 shares of Citigroup common stock for the final settlement of the prepaid stock purchase contract. The impact of the T-DECs is fully reflected in the basic shares for 2013 and diluted shares for 2012.

(2)
During the second quarters of 2013 and 2012, weighted-average options to purchase 8.2 million and 35.8 million shares of common stock, respectively, were outstanding but not included in the computation of earnings per share because the weighted-average exercise prices of $79.80 and $52.80, respectively, were anti-dilutive.

(3)
Warrants issued to the U.S. Treasury as part of the Troubled Asset Relief Program (TARP) and the loss-sharing agreement (all of which were subsequently sold to the public in January 2011), with an exercise price of $178.50 and $106.10 for approximately 21.0 million and 25.5 million shares of Citigroup common stock, respectively, were not included in the computation of earnings per share in the second quarters of 2013 and 2012 because they were anti-dilutive.

(4)
Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.