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CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)
 9 Months Ended
Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Consolidating Statements of Income and Comprehensive Income
Condensed Consolidating Statements of Income and Comprehensive Income
Three Months Ended September 30, 2021
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Revenues
Dividends from subsidiaries$2,592 $— $— $(2,592)$— 
Interest revenue— 844 11,806 — 12,650 
Interest revenue—intercompany935 129 (1,064)— — 
Interest expense1,190 201 861 — 2,252 
Interest expense—intercompany56 323 (379)— — 
Net interest revenue$(311)$449 $10,260 $— $10,398 
Commissions and fees$— $1,893 $1,506 $— $3,399 
Commissions and fees—intercompany— 85 (85)— — 
Principal transactions130 (1,468)3,571 — 2,233 
Principal transactions—intercompany(305)2,220 (1,915)— — 
Other revenue(138)159 1,103 — 1,124 
Other revenue—intercompany(44)(13)57 — — 
Total non-interest revenues$(357)$2,876 $4,237 $— $6,756 
Total revenues, net of interest expense$1,924 $3,325 $14,497 $(2,592)$17,154 
Provisions for credit losses and for benefits and claims$(2)$2 $(192)$— $(192)
Operating expenses
Compensation and benefits$3 $1,347 $4,708 $— $6,058 
Compensation and benefits—intercompany21 — (21)— — 
Other operating35 728 4,663 — 5,426 
Other operating—intercompany2 781 (783)— — 
Total operating expenses$61 $2,856 $8,567 $— $11,484 
Equity in undistributed income of subsidiaries$2,530 $— $— $(2,530)$— 
Income (loss) from continuing operations before income taxes$4,395 $467 $6,122 $(5,122)$5,862 
Provision (benefit) for income taxes(249)183 1,259 — 1,193 
Income (loss) from continuing operations$4,644 $284 $4,863 $(5,122)$4,669 
Income (loss) from discontinued operations, net of taxes— — (1)— (1)
Net income before attribution of noncontrolling interests$4,644 $284 $4,862 $(5,122)$4,668 
Noncontrolling interests— — 24 — 24 
Net income (loss)$4,644 $284 $4,838 $(5,122)$4,644 
Comprehensive income
Add: Other comprehensive income (loss)$(1,731)$(195)$2,007 $(1,812)$(1,731)
Total Citigroup comprehensive income (loss)$2,913 $89 $6,845 $(6,934)$2,913 
Add: Other comprehensive income attributable to noncontrolling interests$— $— $(31)$— $(31)
Add: Net income attributable to noncontrolling interests— — 24 — 24 
Total comprehensive income (loss)$2,913 $89 $6,838 $(6,934)$2,906 
Condensed Consolidating Statements of Income and Comprehensive Income
Nine Months Ended September 30, 2021
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Revenues
Dividends from subsidiaries$6,392 $— $— $(6,392)$— 
Interest revenue— 2,829 34,818 — 37,647 
Interest revenue—intercompany2,847 410 (3,257)— — 
Interest expense3,611 645 2,628 — 6,884 
Interest expense—intercompany234 982 (1,216)— — 
Net interest revenue$(998)$1,612 $30,149 $— $30,763 
Commissions and fees$— $5,890 $4,553 $— $10,443 
Commissions and fees—intercompany(27)220 (193)— — 
Principal transactions1,007 5,109 2,334 — 8,450 
Principal transactions—intercompany(1,273)(2,128)3,401 — — 
Other revenue(87)401 3,985 — 4,299 
Other revenue—intercompany(105)(41)146 — — 
Total non-interest revenues$(485)$9,451 $14,226 $— $23,192 
Total revenues, net of interest expense$4,909 $11,063 $44,375 $(6,392)$53,955 
Provisions for credit losses and for benefits and claims$— $9 $(3,322)$— $(3,313)
Operating expenses
Compensation and benefits$31 $3,984 $14,026 $— $18,041 
Compensation and benefits—intercompany69 — (69)— — 
Other operating60 2,050 13,598 — 15,708 
Other operating—intercompany8 2,269 (2,277)— — 
Total operating expenses$168 $8,303 $25,278 $— $33,749 
Equity in undistributed income of subsidiaries$13,270 $— $— $(13,270)$— 
Income (loss) from continuing operations before income taxes$18,011 $2,751 $22,419 $(19,662)$23,519 
Provision (benefit) for income taxes(768)516 4,932 — 4,680 
Income (loss) from continuing operations$18,779 $2,235 $17,487 $(19,662)$18,839 
Income (loss) from discontinued operations, net of taxes— — 7 — 7 
Net income before attribution of noncontrolling interests$18,779 $2,235 $17,494 $(19,662)$18,846 
Noncontrolling interests— — 67 — 67 
Net income (loss)$18,779 $2,235 $17,427 $(19,662)$18,779 
Comprehensive income
Add: Other comprehensive income (loss)$(4,793)$(238)$578 $(340)$(4,793)
Total Citigroup comprehensive income (loss)$13,986 $1,997 $18,005 $(20,002)$13,986 
Add: Other comprehensive income attributable to noncontrolling interests$— $— $(71)$— $(71)
Add: Net income attributable to noncontrolling interests— — 67 — 67 
Total comprehensive income (loss)$13,986 $1,997 $18,001 $(20,002)$13,982 
Condensed Consolidating Statements of Income and Comprehensive Income
Three Months Ended September 30, 2020
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Revenues
Dividends from subsidiaries$2,250 $— $— $(2,250)$— 
Interest revenue— 1,128 12,186 — 13,314 
Interest revenue—intercompany991 153 (1,144)— — 
Interest expense1,267 274 1,280 — 2,821 
Interest expense—intercompany61 416 (477)— — 
Net interest revenue$(337)$591 $10,239 $— $10,493 
Commissions and fees$— $1,494 $1,259 $— $2,753 
Commissions and fees—intercompany— 30 (30)— — 
Principal transactions(169)(3,779)6,456 — 2,508 
Principal transactions—intercompany42 4,350 (4,392)— — 
Other revenue(90)208 1,430 — 1,548 
Other revenue—intercompany78 12 (90)— — 
Total non-interest revenues$(139)$2,315 $4,633 $— $6,809 
Total revenues, net of interest expense$1,774 $2,906 $14,872 $(2,250)$17,302 
Provisions for credit losses and for benefits and claims$— $(1)$2,385 $— $2,384 
Operating expenses
Compensation and benefits$(21)$1,165 $4,451 $— $5,595 
Compensation and benefits—intercompany44 — (44)— — 
Other operating5 597 4,767 — 5,369 
Other operating—intercompany4 772 (776)— — 
Total operating expenses$32 $2,534 $8,398 $— $10,964 
Equity in undistributed income of subsidiaries$1,056 $— $— $(1,056)$— 
Income (loss) from continuing operations before income
taxes		$2,798 $373 $4,089 $(3,306)$3,954 
Provision (benefit) for income taxes(348)165 960 — 777 
Income (loss) from continuing operations$3,146 $208 $3,129 $(3,306)$3,177 
Income (loss) from discontinued operations, net of taxes— — (7)— (7)
Net income (loss) before attribution of noncontrolling interests$3,146 $208 $3,122 $(3,306)$3,170 
Noncontrolling interests— — 24 — 24 
Net income (loss) $3,146 $208 $3,098 $(3,306)$3,146 
Comprehensive income
Add: Other comprehensive income (loss) $280 $(51)$(2,178)$2,229 $280 
Total Citigroup comprehensive income (loss)$3,426 $157 $920 $(1,077)$3,426 
Add: Other comprehensive income attributable to noncontrolling interests$— $— $19 $— $19 
Add: Net income attributable to noncontrolling interests— — 24 — 24 
Total comprehensive income (loss)$3,426 $157 $963 $(1,077)$3,469 
Condensed Consolidating Statements of Income and Comprehensive Income
Nine Months Ended September 30, 2020
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Revenues
Dividends from subsidiaries$2,355 $— $— $(2,355)$— 
Interest revenue— 4,340 40,702 — 45,042 
Interest revenue—intercompany3,202 776 (3,978)— — 
Interest expense3,675 1,795 6,507 — 11,977 
Interest expense—intercompany451 1,819 (2,270)— — 
Net interest revenue$(924)$1,502 $32,487 $— $33,065 
Commissions and fees$— $4,815 $3,892 $— $8,707 
Commissions and fees—intercompany(19)267 (248)— — 
Principal transactions(1,099)(518)13,543 — 11,926 
Principal transactions—intercompany606 4,849 (5,455)— — 
Other revenue(24)468 3,657 — 4,101 
Other revenue—intercompany16 38 (54)— — 
Total non-interest revenues$(520)$9,919 $15,335 $— $24,734 
Total revenues, net of interest expense$911 $11,421 $47,822 $(2,355)$57,799 
Provisions for credit losses and for benefits and claims$— $(1)$17,542 $— $17,541 
Operating expenses
Compensation and benefits$112 $3,806 $12,955 $— $16,873 
Compensation and benefits—intercompany119 — (119)— — 
Other operating37 1,789 13,368 — 15,194 
Other operating—intercompany12 1,629 (1,641)— — 
Total operating expenses$280 $7,224 $24,563 $— $32,067 
Equity in undistributed income of subsidiaries$5,285 $— $— $(5,285)$— 
Income (loss) from continuing operations before income
taxes		$5,916 $4,198 $5,717 $(7,640)$8,191 
Provision (benefit) for income taxes(822)1,217 1,014 — 1,409 
Income (loss) from continuing operations$6,738 $2,981 $4,703 $(7,640)$6,782 
Income (loss) from discontinued operations, net of taxes— — (26)— (26)
Net income (loss) before attribution of noncontrolling interests$6,738 $2,981 $4,677 $(7,640)$6,756 
Noncontrolling interests— — 18 — 18 
Net income (loss)$6,738 $2,981 $4,659 $(7,640)$6,738 
Comprehensive income
Add: Other comprehensive income (loss)$3,253 $277 $10,058 $(10,335)$3,253 
Total Citigroup comprehensive income (loss)$9,991 $3,258 $14,717 $(17,975)$9,991 
Add: Other comprehensive income attributable to noncontrolling interests$— $— $7 $— $7 
Add: Net income attributable to noncontrolling interests— — 18 — 18 
Total comprehensive income (loss)$9,991 $3,258 $14,742 $(17,975)$10,016 
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet
September 30, 2021
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Assets
Cash and due from banks$— $965 $27,941 $— $28,906 
Cash and due from banks—intercompany8 6,033 (6,041)— — 
Deposits with banks, net of allowance— 5,763 289,139 — 294,902 
Deposits with banks—intercompany4,000 9,200 (13,200)— — 
Securities borrowed and purchased under resale agreements— 277,955 59,741 — 337,696 
Securities borrowed and purchased under resale agreements—intercompany— 25,137 (25,137)— — 
Trading account assets249 204,591 138,074 — 342,914 
Trading account assets—intercompany1,001 5,043 (6,044)— — 
Investments, net of allowance1 266 500,582 — 500,849 
Loans, net of unearned income— 3,018 661,746 — 664,764 
Loans, net of unearned income—intercompany— — — — — 
Allowance for credit losses on loans (ACLL)— — (17,715)— (17,715)
Total loans, net$— $3,018 $644,031 $— $647,049 
Advances to subsidiaries$147,338 $— $(147,338)$— $— 
Investments in subsidiaries222,021 — — (222,021)— 
Other assets, net of allowance(1)
11,043 74,168 124,349 — 209,560 
Other assets—intercompany2,867 62,048 (64,915)— — 
Total assets$388,528 $674,187 $1,521,182 $(222,021)$2,361,876 
Liabilities and equity
Deposits $— $— $1,347,528 $— $1,347,528 
Deposits—intercompany— — — — — 
Securities loaned and sold under repurchase agreements— 192,276 16,908 — 209,184 
Securities loaned and sold under repurchase agreements—intercompany— 66,703 (66,703)— — 
Trading account liabilities32 131,565 47,689 — 179,286 
Trading account liabilities—intercompany632 4,565 (5,197)— — 
Short-term borrowings— 14,547 15,136 — 29,683 
Short-term borrowings—intercompany— 16,400 (16,400)— — 
Long-term debt170,104 57,826 30,344 — 258,274 
Long-term debt—intercompany— 74,016 (74,016)— — 
Advances from subsidiaries 14,049 — (14,049)— — 
Other liabilities, including allowance2,780 66,345 67,186 — 136,311 
Other liabilities—intercompany56 12,466 (12,522)— — 
Stockholders’ equity200,875 37,478 185,278 (222,021)201,610 
Total liabilities and equity$388,528 $674,187 $1,521,182 $(222,021)$2,361,876 

(1)Other assets for Citigroup parent company at September 30, 2021 included $35.0 billion of placements to Citibank and its branches, of which $19.5 billion had a remaining term of less than 30 days.
Condensed Consolidating Balance Sheet
December 31, 2020
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Assets
Cash and due from banks$— $628 $25,721 $— $26,349 
Cash and due from banks—intercompany16 6,081 (6,097)— — 
Deposits with banks, net of allowance— 5,224 278,042 — 283,266 
Deposits with banks—intercompany4,500 8,179 (12,679)— — 
Securities borrowed and purchased under resale agreements— 238,718 55,994 — 294,712 
Securities borrowed and purchased under resale agreements—intercompany— 24,309 (24,309)— — 
Trading account assets307 222,278 152,494 — 375,079 
Trading account assets—intercompany723 9,400 (10,123)— — 
Investments, net of allowance1 374 446,984 — 447,359 
Loans, net of unearned income— 2,524 673,359 — 675,883 
Loans, net of unearned income—intercompany— — — — — 
Allowance for credit losses on loans (ACLL)— — (24,956)— (24,956)
Total loans, net$— $2,524 $648,403 $— $650,927 
Advances to subsidiaries$152,383 $— $(152,383)$— $— 
Investments in subsidiaries213,267 — — (213,267)— 
Other assets, net of allowance(1)
12,156 60,273 109,969 — 182,398 
Other assets—intercompany2,781 51,489 (54,270)— — 
Total assets$386,134 $629,477 $1,457,746 $(213,267)$2,260,090 
Liabilities and equity
Deposits $— $— $1,280,671 $— $1,280,671 
Deposits—intercompany— — — — — 
Securities loaned and sold under repurchase agreements— 184,786 14,739 — 199,525 
Securities loaned and sold under repurchase agreements—intercompany— 76,590 (76,590)— — 
Trading account liabilities— 113,100 54,927 — 168,027 
Trading account liabilities—intercompany397 8,591 (8,988)— — 
Short-term borrowings— 12,323 17,191 — 29,514 
Short-term borrowings—intercompany— 12,757 (12,757)— — 
Long-term debt170,563 47,732 53,391 — 271,686 
Long-term debt—intercompany— 67,322 (67,322)— — 
Advances from subsidiaries 12,975 — (12,975)— — 
Other liabilities, including allowance2,692 55,217 52,558 — 110,467 
Other liabilities—intercompany65 15,378 (15,443)— — 
Stockholders’ equity199,442 35,681 178,344 (213,267)200,200 
Total liabilities and equity$386,134 $629,477 $1,457,746 $(213,267)$2,260,090 
(1)Other assets for Citigroup parent company at December 31, 2020 included $29.5 billion of placements to Citibank and its branches, of which $24.3 billion had a remaining term of less than 30 days.
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2021
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Net cash provided by operating activities of continuing operations$3,604 $30,413 $25,168 $— $59,185 
Cash flows from investing activities of continuing operations
Purchases of investments$— $— $(277,874)$— $(277,874)
Proceeds from sales of investments— — 96,203 — 96,203 
Proceeds from maturities of investments— — 107,361 — 107,361 
Change in loans— — 6,613 — 6,613 
Proceeds from sales and securitizations of loans— — 1,134 — 1,134 
Change in securities borrowed and purchased under agreements to resell— (40,065)(2,919)— (42,984)
Changes in investments and advances—intercompany3,374 (9,743)6,369 — — 
Other investing activities
— (42)(2,480)— (2,522)
Net cash provided by (used in) investing activities of continuing operations$3,374 $(49,850)$(65,593)$— $(112,069)
Cash flows from financing activities of continuing operations
Dividends paid$(3,959)$(195)$195 $— $(3,959)
Issuance of preferred stock
2,300 — — — 2,300 
Redemption of preferred stock
(3,785)— — — (3,785)
Treasury stock acquired(7,448)— — — (7,448)
Proceeds (repayments) from issuance of long-term debt, net4,660 11,336 (18,507)— (2,511)
Proceeds (repayments) from issuance of long-term debt—intercompany, net— 9,084 (9,084)— — 
Change in deposits— — 73,769 — 73,769 
Change in securities loaned and sold under agreements to repurchase— (2,397)12,056 — 9,659 
Change in short-term borrowings— 2,224 (2,055)— 169 
Net change in short-term borrowings and other advances—intercompany1,074 1,253 (2,327)— — 
Capital contributions from (to) parent— — (19)19 — — 
Other financing activities(328)— — — (328)
Net cash provided by (used in) financing activities of continuing operations$(7,486)$21,286 $54,066 $— $67,866 
Effect of exchange rate changes on cash and due from banks$— $— $(789)$— $(789)
Change in cash and due from banks and deposits with banks$(508)$1,849 $12,852 $— $14,193 
Cash and due from banks and deposits with banks at beginning of period4,516 20,112 284,987 — 309,615 
Cash and due from banks and deposits with banks at end of period$4,008 $21,961 $297,839 $— $323,808 
Cash and due from banks$8 $6,998 $21,900 $— $28,906 
Deposits with banks, net of allowance4,000 14,963 275,939 — 294,902 
Cash and due from banks and deposits with banks at end of period$4,008 $21,961 $297,839 $— $323,808 
Supplemental disclosure of cash flow information for continuing operations
Cash paid (received) during the period for income taxes$(1,757)$809 $4,011 $— $3,063 
Cash paid during the period for interest
2,307 1,687 2,900 — 6,894 
Non-cash investing activities
Decrease in net loans associated with significant disposals reclassified to HFS$— $— $8,291 $— $8,291 
Transfers to loans HFS from loans
— — 5,329 — 5,329 
Non-cash financing activities
Decrease in long-term debt associated with significant disposals reclassified to HFS$— $— $521 $— $521 
Decrease in deposits associated with significant disposals reclassified to HFS— — 6,912 — 6,912 
Condensed Consolidating Statement of Cash Flows
Nine Months Ended September 30, 2020
In millions of dollarsCitigroup parent companyCGMHIOther Citigroup subsidiaries and eliminationsConsolidating adjustmentsCitigroup consolidated
Net cash provided by (used in) operating activities of continuing operations$3,605 $(36,465)$10,606 $— $(22,254)
Cash flows from investing activities of continuing operations
Purchases of investments$— $— $(276,084)$— $(276,084)
Proceeds from sales of investments— — 130,237 — 130,237 
Proceeds from maturities of investments— — 78,476 — 78,476 
Change in loans— — 23,488 — 23,488 
Proceeds from sales and securitizations of loans— — 924 — 924 
Change in securities borrowed and purchased under agreements to resell— (35,332)(2,704)— (38,036)
Changes in investments and advances—intercompany(5,179)(5,532)10,711 — — 
Other investing activities— — (2,205)— (2,205)
Net cash used in investing activities of continuing operations$(5,179)$(40,864)$(37,157)$— $(83,200)
Cash flows from financing activities of continuing operations
Dividends paid$(4,024)$(168)$168 $— $(4,024)
Issuance of preferred stock1,500 — — — 1,500 
Redemption of preferred stock(1,500)— — — (1,500)
Treasury stock acquired(2,925)— — — (2,925)
Proceeds (repayments) from issuance of long-term debt, net16,136 6,606 (4,664)— 18,078 
Proceeds (repayments) from issuance of long-term debt—intercompany, net— 1,607 (1,607)— — 
Change in deposits— — 192,033 — 192,033 
Change in securities loaned and sold under agreements to repurchase— 75,977 (35,089)— 40,888 
Change in short-term borrowings— 788 (8,398)— (7,610)
Net change in short-term borrowings and other advances—intercompany(7,214)(6,524)13,738 — — 
Other financing activities(408)— — — (408)
Net cash provided by financing activities of continuing operations$1,565 $78,286 $156,181 $— $236,032 
Effect of exchange rate changes on cash and due from banks$— $— $(802)$— $(802)
Change in cash and due from banks and deposits with banks$(9)$957 $128,828 $— $129,776 
Cash and due from banks and deposits with banks at beginning of period3,021 16,441 174,457 — 193,919 
Cash and due from banks and deposits with banks at end of period$3,012 $17,398 $303,285 $— $323,695 
Cash and due from banks$12 $5,960 $19,336 $— $25,308 
Deposits with banks, net of allowance3,000 11,438 283,949 — 298,387 
Cash and due from banks and deposits with banks at end of period$3,012 $17,398 $303,285 $— $323,695 
Supplemental disclosure of cash flow information for continuing operations
Cash paid during the period for income taxes$(1,263)$1,177 $3,923 $— $3,837 
Cash paid during the period for interest2,507 3,988 5,007 — 11,502 
Non-cash investing activities
Transfers to loans HFS from loans$— $— $2,122 $— $2,122