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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
Variable post-charge-off third-party collection costs
[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         (81)         448 [2]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         2              
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         3 (4)           (2)
Common dividends [3]           (3,226)            
Preferred dividends $ (828)         (828)            
Treasury stock acquired [4]                   (2,925)    
Transactions between Citigroup and the noncontrolling-interest shareholders                       (6)
Citigroup’s total other comprehensive income                     3,253 7
Net income before attribution of noncontrolling interests 6,756         6,738           18
Distributions paid to noncontrolling-interest shareholders                       (2)
Net change in noncontrolling interests                       15
Balance, end of period at Sep. 30, 2020 194,595 $ 193,876 17,980 $ 175,896 107,795 165,303       (64,137) (33,065) 719
Balance, beginning of period at Jun. 30, 2020     17,980   107,699 163,515     163,515 (64,143) (33,345) 680
Increase (Decrease) in Stockholders' Equity                        
Employee benefit plans         93         6 [2]    
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         3             (2)
Common dividends [3]           (1,074)            
Preferred dividends (284)         (284)            
Citigroup’s total other comprehensive income                     280 19
Net income before attribution of noncontrolling interests 3,170         3,146           24
Distributions paid to noncontrolling-interest shareholders                       (2)
Net change in noncontrolling interests                       39
Balance, end of period at Sep. 30, 2020 194,595 193,876 17,980 175,896 107,795 165,303       (64,137) (33,065) 719
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     (3,785)                  
Employee benefit plans         (3)         483 [2]    
Preferred stock issuance costs (new issuances, net of reclassifications to retained earnings for redemptions)         40              
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         39 (40)           (21)
Common dividends [3]           (3,176)            
Preferred dividends (811)         (811)            
Treasury stock acquired [4]                   (7,600)    
Transactions between Citigroup and the noncontrolling-interest shareholders                       2
Citigroup’s total other comprehensive income                     (4,793) (71)
Net income before attribution of noncontrolling interests 18,846         18,779           67
Net change in noncontrolling interests                       (23)
Balance, end of period at Sep. 30, 2021 201,610 200,875 17,995 182,880 107,953 183,024       (71,246) (36,851) 735
Balance, beginning of period at Jun. 30, 2021     17,995   107,851 179,686     $ 179,686 (68,253) (35,120) 751
Increase (Decrease) in Stockholders' Equity                        
Employee benefit plans         60         7 [2]    
Other (primarily reclassifications from APIC for preferred issuance costs on redemptions)         42             (10)
Common dividends [3]           (1,040)            
Preferred dividends (266)         (266)            
Treasury stock acquired [4]                   (3,000)    
Transactions between Citigroup and the noncontrolling-interest shareholders                       1
Citigroup’s total other comprehensive income                     (1,731) (31)
Net income before attribution of noncontrolling interests 4,668         4,644           24
Net change in noncontrolling interests                       (16)
Balance, end of period at Sep. 30, 2021 $ 201,610 $ 200,875 $ 17,995 $ 182,880 $ 107,953 $ 183,024       $ (71,246) $ (36,851) $ 735
[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 for each of the first, second and third quarters of 2021 and 2020.
[4] Primarily consists of open market purchases under Citi’s Board of Directors-approved common share repurchase program.