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CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
Citigroup stockholders' equity
Preferred stock at aggregate liquidation value
Citigroup common stockholders' equity
Common stock and additional paid-in capital
Retained earnings
Treasury stock, at cost
Citigroup's accumulated other comprehensive income (loss)
Noncontrolling interests
Balance, beginning of period at Dec. 31, 2016     $ 19,253   $ 108,073 $ 146,477 $ (16,302) $ (32,381) $ 1,023
Adjustment to opening balance, net of taxes at Dec. 31, 2016 [1]           (660)   504  
Adjusted balance, beginning of period at Dec. 31, 2016           145,817   (31,877)  
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     0            
Employee benefit plans         (137)   526 [2]    
Other         (9) (90) [3]     (61)
Citigroup’s net income $ 12,136         12,095     41
Common dividends [4]           (1,755)      
Preferred dividends (893)         (893)      
Treasury stock acquired [5]             (9,053)    
Citigroup's total other comprehensive income (loss)               1,986 82
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 (3)
Transactions between Citigroup and the noncontrolling-interest shareholders                 (50)
Distributions paid to noncontrolling-interest shareholders                 (44)
Net change in noncontrolling interests                 (35)
Balance, end of period at Sep. 30, 2017 228,622 $ 227,634 19,253 $ 208,381 107,927 155,174 (24,829) (29,891) 988
Balance, beginning of period at Jun. 30, 2017     19,253   107,829 152,178 (19,342) (29,899) 1,088
Adjustment to opening balance, net of taxes at Jun. 30, 2017 [1]           0   0  
Adjusted balance, beginning of period at Jun. 30, 2017           152,178   (29,899)  
Increase (Decrease) in Stockholders' Equity                  
Employee benefit plans         102   3 [2]    
Other         (4) 0 [3]     (9)
Citigroup’s net income 4,132         4,133     0
Common dividends [4]           (865)      
Preferred dividends (272)         (272)      
Treasury stock acquired [5]             (5,490)    
Citigroup's total other comprehensive income (loss)               8 12
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 (3)
Transactions between Citigroup and the noncontrolling-interest shareholders                 (56)
Distributions paid to noncontrolling-interest shareholders                 (44)
Net change in noncontrolling interests                 (100)
Balance, end of period at Sep. 30, 2017 228,622 227,634 19,253 208,381 107,927 155,174 (24,829) (29,891) 988
Balance, beginning of period at Dec. 31, 2017 201,672   19,253   108,039 138,425 (30,309) (34,668) 932
Adjustment to opening balance, net of taxes at Dec. 31, 2017 [1]           (84)   (3)  
Adjusted balance, beginning of period at Dec. 31, 2017           138,341   (34,671)  
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     (218)            
Employee benefit plans         (187)   477 [2]    
Other         4 0 [3]     (12)
Citigroup’s net income 13,783         13,732     51
Common dividends [4]           (2,777)      
Preferred dividends (860)         (860)      
Treasury stock acquired [5]             (9,846)    
Citigroup's total other comprehensive income (loss)               (3,974) (35)
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 0
Transactions between Citigroup and the noncontrolling-interest shareholders                 (39)
Distributions paid to noncontrolling-interest shareholders                 (38)
Net change in noncontrolling interests                 (73)
Balance, end of period at Sep. 30, 2018 197,863 197,004 19,035 177,969 107,856 148,436 (39,678) (38,645) 859
Balance, beginning of period at Jun. 30, 2018     19,035   107,755 145,211 (34,413) (37,494) 874
Adjustment to opening balance, net of taxes at Jun. 30, 2018 [1]           0   0  
Adjusted balance, beginning of period at Jun. 30, 2018           145,211   (37,494)  
Increase (Decrease) in Stockholders' Equity                  
Redemption of preferred stock     0            
Employee benefit plans         98   6 [2]    
Other         3 0 [3]     (1)
Citigroup’s net income 4,625         4,622     3
Common dividends [4]           (1,127)      
Preferred dividends (270)         (270)      
Treasury stock acquired [5]             (5,271)    
Citigroup's total other comprehensive income (loss)               (1,151) 8
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                 0
Transactions between Citigroup and the noncontrolling-interest shareholders                 (23)
Distributions paid to noncontrolling-interest shareholders                 (2)
Net change in noncontrolling interests                 (15)
Balance, end of period at Sep. 30, 2018 $ 197,863 $ 197,004 $ 19,035 $ 177,969 $ 107,856 $ 148,436 $ (39,678) $ (38,645) $ 859
[1] See Note 1 to the Consolidated Financial Statements for additional details.
[2] Includes treasury stock related to (i) certain activity on employee stock option program exercises where the employee delivers existing shares to cover the option exercise, or (ii) under Citi’s employee restricted or deferred stock programs where shares are withheld to satisfy tax requirements.
[3] Includes the impact of ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. See Note 1 to the Consolidated Financial Statements.
[4] Common dividends declared were $0.32 per share in the first and second quarters and $0.45 per share in the third quarter of 2018. Common dividends declared were $0.16 per share in the first and second quarters and $0.32 for the third quarter of 2017.
[5] For the three and nine months ended September 30, 2018 and 2017, primarily consists of open market purchases under Citi’s Board of Directors-approved common stock repurchase program.