XML 37 R17.htm IDEA: XBRL DOCUMENT v3.22.2.2
EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
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 amounts2022202120222021
Earnings per common share
Income from continuing operations before attribution to noncontrolling interests$3,515 $4,669 $12,629 $18,839 
Less: Noncontrolling interests from continuing operations30 24 68 67 
Net income from continuing operations (for EPS purposes)$3,485 $4,645 $12,561 $18,772 
Income (loss) from discontinued operations, net of taxes(6)(1)(229)
Citigroup’s net income$3,479 $4,644 $12,332 $18,779 
Less: Preferred dividends277 266 794 811 
Net income available to common shareholders$3,202 $4,378 $11,538 $17,968 
Less: Dividends and undistributed earnings allocated to employee restricted and deferred shares with rights to dividends, applicable to basic EPS28 26 89 134 
Net income allocated to common shareholders for basic EPS$3,174 $4,352 $11,449 $17,834 
Weighted-average common shares outstanding applicable to basic EPS (in millions)
1,936.8 2,009.3 1,950.0 2,049.3 
Basic earnings per share(1)
Income from continuing operations$1.64 $2.17 $5.99 $8.70 
Discontinued operations — (0.12)— 
Net income per share—basic$1.64 $2.17 $5.87 $8.70 
Diluted earnings per share
Net income allocated to common shareholders for basic EPS$3,174 $4,352 $11,449 $17,834 
Add back: Dividends allocated to employee restricted and deferred shares with rights to dividends that are forfeitable11 30 23 
Net income allocated to common shareholders for diluted EPS$3,185 $4,360 $11,479 $17,857 
Weighted-average common shares outstanding applicable to basic EPS (in millions)
1,936.8 2,009.3 1,950.0 2,049.3 
Effect of dilutive securities
Options(2)
 —  — 
Other employee plans18.3 16.9 17.1 16.0 
Adjusted weighted-average common shares outstanding applicable to diluted EPS
(in millions)(3)
1,955.1 2,026.2 1,967.1 2,065.3 
Diluted earnings per share(1)
    
Income from continuing operations$1.63 $2.15 $5.95 $8.64 
Discontinued operations — (0.12)— 
Net income per share—diluted$1.63 $2.15 $5.84 $8.65 

(1)Due to rounding, earnings per share on continuing operations and discontinued operations may not sum to earnings per share on net income.
(2)    During the first, second and third quarters of 2022 and 2021, no significant options to purchase shares of common stock were outstanding.
(3)    Due to rounding, weighted-average common shares outstanding applicable to basic EPS and the effect of dilutive securities may not sum to weighted-average common shares outstanding applicable to diluted EPS.