The following table reconciles the income and share data used in the basic and diluted earnings per share (EPS) computations:



	Three Months Ended September 30,						Nine Months Ended September 30,
In millions of dollars, except per share amounts	2018			2017			2018		2017
Income from continuing operations before attribution of noncontrolling interests	$	4,633		$	4,137		$	13,783	$	12,138
Less: Noncontrolling interests from continuing operations	3			(1		)	51		41
Net income from continuing operations (for EPS purposes)	$	4,630		$	4,138		$	13,732	$	12,097
Loss from discontinued operations, net of taxes	(8		)	(5		)	—		(2		)
Citigroup's net income	$	4,622		$	4,133		$	13,732	$	12,095
Less: Preferred dividends⁽¹⁾	270			272			860		893
Net income available to common shareholders	$	4,352		$	3,861		$	12,872	$	11,202
Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares with nonforfeitable rights to dividends, applicable to basic EPS	51			53			151		156
Net income allocated to common shareholders for basic EPS	$	4,301		$	3,808		$	12,721	$	11,046
Net income allocated to common shareholders for diluted EPS	4,301			3,808			12,721		11,046
Weighted-average common shares outstanding applicable to basic EPS (in millions)	2,479.8			2,683.6			2,524.1		2,729.3
Effect of dilutive securities⁽²⁾
Options⁽³⁾	0.2			0.1			0.1		0.1
Other employee plans	1.4			—			1.3		—
Adjusted weighted-average common shares outstanding applicable to diluted EPS⁽⁴⁾	2,481.4			2,683.7			2,525.5		2,729.5
Basic earnings per share⁽⁵⁾
Income from continuing operations	$	1.74		$	1.42		$	5.04	$	4.05
Discontinued operations	—			—			—		—
Net income	$	1.73		$	1.42		$	5.04	$	4.05
Diluted earnings per share⁽⁵⁾
Income from continuing operations	$	1.74		$	1.42		$	5.04	$	4.05
Discontinued operations	—			—			—		—
Net income	$	1.73		$	1.42		$	5.04	$	4.05

(1)

As of September 30, 2018, Citi estimates it will distribute preferred dividends of approximately $313 million during the remainder of 2018, assuming such dividends are declared by the Citi Board of Directors. During the first nine months of 2018, Citi redeemed all of its 3.8 million Series AA preferred shares for $96.8 million and all of its 4.9 million Series E preferred shares for $121.3 million. All preferred shares were redeemed at par value. Citi redeemed all of its 23 million Series C preferred shares for $575 million in October 2018.

(2)

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 exercise prices of $178.50 and $103.82 per share for approximately 21.0 million and 25.5 million shares of Citigroup common stock, respectively. Both warrants were not included in the computation of earnings per share in the three and nine months ended September 30, 2018 and 2017 because they were anti-dilutive.


(3)	During the third quarters of 2018 and 2017, weighted-average options to purchase 0.5 million and 0.8 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 $142.30 and $206.70 per share, respectively, were anti-dilutive.


(4)	Due to rounding, common shares outstanding applicable to basic EPS and the effect of dilutive securities may not sum to common shares outstanding applicable to diluted EPS.


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