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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 (APIC)
Retained earnings
Retained earnings
Revision of Prior Period, Change in Accounting Principle, Adjustment
[1]
Retained earnings
Cumulative Effect, Period of Adoption, Adjustment
[1]
Retained earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Treasury stock, at cost
Citigroup's accumulated other comprehensive income (loss)
Noncontrolling interests
Balance, beginning of period at Dec. 31, 2019     $ 17,980   $ 107,871 $ 165,369 $ 330 $ (3,076) $ 162,623 $ (61,660) $ (36,318) $ 704
Increase (Decrease) in Stockholders' Equity                        
Issuance of new preferred stock     1,500                  
Redemption of preferred stock     (1,500)                  
Employee benefit plans         (292)         438 [2]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         2              
Common dividends [3]           (1,081)            
Preferred dividends $ (291)         (291)            
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)           (5)           10
Treasury stock acquired [4]                   (2,925)    
Citigroup’s total other comprehensive income                     3,797 (51)
Transactions between noncontrolling-interest shareholders and the related consolidated subsidiary                       (6)
Net income before attribution of noncontrolling interests 2,530         2,536           (6)
Net change in noncontrolling interests                       (53)
Balance, end of period at Mar. 31, 2020 193,326 $ 192,675 17,980 $ 174,695 107,581 163,782       (64,147) (32,521) 651
Balance, beginning of period at Dec. 31, 2020 200,200   19,480   107,877 168,272     $ 168,272 (64,129) (32,058) 758
Increase (Decrease) in Stockholders' Equity                        
Issuance of new preferred stock     2,300                  
Redemption of preferred stock     (1,500)                  
Employee benefit plans         (175)         468 [2]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         23              
Common dividends [3]           (1,074)            
Preferred dividends (292)         (292)            
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)           (32)           (9)
Treasury stock acquired                   (1,600)    
Citigroup’s total other comprehensive income                     (2,953) (58)
Net income before attribution of noncontrolling interests 7,975         7,942           33
Net change in noncontrolling interests                       (34)
Balance, end of period at Mar. 31, 2021 $ 203,273 $ 202,549 $ 20,280 $ 182,269 $ 107,725 $ 174,816       $ (65,261) $ (35,011) $ 724
[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] Common dividends declared were $0.51 per share in both of the first quarters of 2021 and 2020.
[4] Primarily consists of open market purchases under Citi’s Board of Directors-approved common share repurchase program.