Exhibit 99.3
July 10, 2009
Given the new organizational structure announced in January 2009 and the reformatted Quarterly Financial Data Supplement, we have re-mapped historical press release disclosed items to match the new disclosure. Every item has been allocated by product on a pre-tax and after-tax basis; Citicorp items also have been allocated by region. This re-mapping document is intended to assist the historical analysis process.
If you have any questions, please do not hesitate to contact us at (212) 559-2718 or at investorrelations@citi.com.
Thank you.
1Q’07 ($mm)
| | Pre-tax | | After-tax | |
| | (1) MasterCard | | (2) Restructuring | | (3) FAS157 | | (4) APB23 | | (1) MasterCard | | (2) Restructuring | | (3) FAS157 | | (4) APB23 | |
North America | | 161 | | — | | — | | — | | 103 | | — | | — | | — | |
EMEA | | 3 | | — | | — | | — | | 2 | | — | | — | | 6 | |
Latin America | | 78 | | — | | — | | — | | 50 | | — | | — | | — | |
Asia | | 21 | | — | | — | | — | | 14 | | — | | — | | 21 | |
Regional Consumer Banking | | 263 | | — | | | | — | | 169 | | — | | — | | 27 | |
| | | | | | | | | | | | | | | | | |
North America | | — | | — | | 132 | | — | | — | | — | | 81 | | — | |
EMEA | | — | | — | | 52 | | — | | — | | — | | 32 | | 52 | |
Latin America | | — | | — | | 12 | | — | | — | | — | | 7 | | — | |
Asia | | — | | — | | 24 | | — | | — | | — | | 15 | | 27 | |
Securities and Banking | | — | | — | | 220 | | — | | — | | — | | 135 | | 79 | |
| | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | | — | | — | | — | | 15 | |
Latin America | | — | | — | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | | — | | — | | — | | 8 | |
Transaction Services | | — | | — | | — | | — | | — | | — | | — | | 23 | |
| | | | | | | | | | | | | | | | | |
Total Citicorp | | 263 | | — | | 220 | | — | | 169 | | — | | 135 | | 129 | |
| | | | | | | | | | | | | | | | | |
Brokerage and Asset Management | | — | | — | | — | | — | | — | | — | | — | | 2 | |
| | | | | | | | | | | | | | | | | |
Local Consumer Lending | | 5 | | — | | — | | — | | 3 | | — | | — | | — | |
| | | | | | | | | | | | | | | | | |
Special Asset Pool | | — | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | |
Total Citi Holdings | | 5 | | — | | — | | — | | 3 | | — | | — | | 2 | |
| | | | | | | | | | | | | | | | | |
Corporate/Other | | — | | (1,377 | ) | — | | — | | — | | (871 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 268 | | (1,377 | ) | 220 | | — | | 172 | | (871 | ) | 135 | | 131 | |
| | | | | | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | |
Total Citi | | 268 | | (1,377 | ) | 220 | | — | | 172 | | (871 | ) | 135 | | 131 | |
| | | | | | | | | | | | | | | | | |
Previous disclosure
| | (1) MasterCard | | (2) Restructuring | | (3) FAS157 | | (4) APB23 | | (1) MasterCard | | (2) Restructuring | | (3) FAS157 | | (4) APB23 | |
North America | | 161 | | — | | — | | — | | 103 | | — | | — | | — | |
EMEA | | 7 | | — | | — | | — | | 5 | | — | | — | | 4 | |
Latin America | | 37 | | — | | — | | — | | 24 | | — | | — | | — | |
Asia | | 21 | | — | | — | | — | | 14 | | — | | — | | 8 | |
Global Cards | | 226 | | — | | — | | — | | 146 | | — | | — | | 12 | |
| | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | | — | | — | | — | | 2 | |
Latin America | | 41 | | — | | — | | — | | 26 | | — | | — | | — | |
Asia | | — | | — | | — | | — | | — | | — | | — | | 13 | |
Consumer Banking | | 41 | | — | | — | | — | | 26 | | — | | — | | 15 | |
| | | | | | | | | | | | | | | | | |
North America | | — | | — | | 132 | | — | | — | | — | | 81 | | — | |
EMEA | | — | | — | | 52 | | — | | — | | — | | 32 | | 52 | |
Latin America | | — | | — | | 12 | | — | | — | | — | | 7 | | — | |
Asia | | — | | — | | 24 | | — | | — | | — | | 15 | | 27 | |
Securities and Banking | | — | | — | | 220 | | — | | — | | — | | 135 | | 79 | |
| | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | | — | | — | | — | | 15 | |
Latin America | | — | | — | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | | — | | — | | — | | 8 | |
Transaction Services | | — | | — | | — | | — | | — | | — | | — | | 23 | |
| | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | | — | | — | | — | | 2 | |
Global Wealth Management | | — | | — | | — | | — | | — | | — | | — | | 2 | |
| | | | | | | | | | | | | | | | | |
Corporate/Other | | — | | (1,377 | ) | — | | — | | — | | (871 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 267 | | (1,377 | ) | 220 | | — | | 172 | | (871 | ) | 135 | | 131 | |
| | | | | | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | |
Total Citi | | 267 | | (1,377 | ) | 220 | | — | | 172 | | (871 | ) | 135 | | 131 | |
(1) Gain on sale of MasterCard shares.
(2) Charge related to the structural expense review.
(3) Impact related to the early adoption of FAS 157.
(4) Tax benefit due to initial application of APB 23 to certain foreign subsidiaries.
Re-formatted totals may not match historicals due to rounding.
Reclassified to conform to the current period’s presentation.
2Q'07 ($mm)
| | Pre-tax | | After-tax | |
| | (1) Litig. Res. Release | | (2) APB23 | | (1) Litig. Res. Release | | (2) APB23 | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Regional Consumer Banking | | — | | — | | — | | — | |
| | | | | | | | | |
North America | | 300 | | — | | 188 | | — | |
EMEA | | — | | — | | — | | 73 | |
Latin America | | — | | — | | — | | 15 | |
Asia | | — | | — | | — | | 8 | |
Securities and Banking | | 300 | | — | | 188 | | 96 | |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Transaction Services | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citicorp | | 300 | | — | | 188 | | 96 | |
| | | | | | | | | |
Brokerage and Asset Management | | — | | — | | — | | — | |
| | | | | | | | | |
Local Consumer Lending | | — | | — | | — | | — | |
| | | | | | | | | |
Special Asset Pool | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi Holdings | | — | | — | | — | | — | |
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Corporate/Other | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi (Continuing Ops) | | 300 | | — | | 188 | | 96 | |
| | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi | | 300 | | — | | 188 | | 96 | |
| | | | | | | | | |
Previous disclosure
| | (1) Litig. Res. Release | | (2) APB23 | | (1) Litig. Res. Release | | (2) APB23 | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Global Cards | | — | | — | | — | | — | |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Consumer Banking | | — | | — | | — | | — | |
| | | | | | | | | |
North America | | 300 | | — | | 188 | | — | |
EMEA | | — | | — | | — | | 31 | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Securities and Banking | | 300 | | — | | 188 | | 31 | |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Transaction Services | | — | | — | | — | | — | |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | 42 | |
Latin America | | — | | — | | — | | 8 | |
Asia | | — | | — | | — | | 15 | |
Global Wealth Management | | — | | — | | — | | 65 | |
| | | | | | | | | |
Corporate/Other | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi (Continuing Ops) | | 300 | | — | | 188 | | 96 | |
| | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi | | 300 | | — | | 188 | | 96 | |
(1) Release of litigation reserves related to Enron, WorldCom, Research and IPO-related matters.
(2) Tax benefit related to the initial application of APB 23 to certain foreign subsidiaries.
Re-formatted totals may not match historicals due to rounding.
Reclassified to conform to the current period's presentation.
3Q’07 ($mm)
| | Pre-tax | | After-tax | |
| | (1) Redecard | | (2) CFJ Intangibles | | (1) Redecard | | (2) CFJ Intangibles | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Regional Consumer Banking | | — | | — | | — | | — | |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Securities and Banking | | — | | — | | — | | — | |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Transaction Services | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citicorp | | — | | — | | — | | — | |
| | | | | | | | | |
Brokerage and Asset Management | | — | | — | | — | | — | |
| | | | | | | | | |
Local Consumer Lending | | 729 | | (152 | ) | 469 | | (98 | ) |
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Special Asset Pool | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi Holdings | | 729 | | (152 | ) | 469 | | (98 | ) |
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Corporate/Other | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi (Continuing Ops) | | 729 | | (152 | ) | 469 | | (98 | ) |
| | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi | | 729 | | (152 | ) | 469 | | (98 | ) |
| | | | | | | | | |
Previous disclosure
| | (1) Redecard | | (2) CFJ Intangibles | | (1) Redecard | | (2) CFJ Intangibles | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | 729 | | — | | 469 | | — | |
Asia | | — | | — | | — | | — | |
Global Cards | | 729 | | — | | 469 | | — | |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | (152 | ) | — | | (98 | ) |
Consumer Banking | | — | | (152 | ) | — | | (98 | ) |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Securities and Banking | | — | | — | | — | | — | |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Transaction Services | | — | | — | | — | | — | |
| | | | | | | | | |
North America | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | |
Global Wealth Management | | — | | — | | — | | — | |
| | | | | | | | | |
Corporate/Other | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi (Continuing Ops) | | 729 | | (152 | ) | 469 | | (98 | ) |
| | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | |
| | | | | | | | | |
Total Citi | | 729 | | (152 | ) | 469 | | (98 | ) |
(1) Gain on sale of Redecard shares. Sale of Redecard shares was previously announced on July 16, 2007.
(2) Write-down of intangibles and fixed assets in Consumer Finance Japan.
Re-formatted totals may not match historicals due to rounding.
Reclassified to conform to the current period's presentation.
4Q’07 ($mm)
| | Pre-tax | | After-tax | |
| | (1) MasterCard | | (2) Visa Gain | | (3) Visa Litigation | | (4) Restructuring | | (5) Simplex | | (6) CFJ Charge | | (1) MasterCard | | (2) Visa Gain | | (3) Visa Litigation | | (4) Restructuring | | (5) Simplex | | (6) CFJ Charge | |
North America | | 136 | | — | | (292 | ) | (3 | ) | — | | — | | 87 | | — | | (190 | ) | (2 | ) | — | | — | |
EMEA | | — | | 29 | | — | | — | | — | | — | | — | | 19 | | — | | — | | — | | — | |
Latin America | | — | | 228 | | — | | (4 | ) | — | | — | | — | | 136 | | — | | (3 | ) | — | | — | |
Asia | | — | | 245 | | — | | (4 | ) | — | | — | | — | | 159 | | — | | (2 | ) | — | | — | |
Regional Consumer Banking | | 136 | | 502 | | (292 | ) | (11 | ) | — | | — | | 87 | | 314 | | (190 | ) | (7 | ) | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | (209 | ) | — | | — | | — | | — | | — | | (130 | ) | — | | — | |
EMEA | | — | | — | | — | | (143 | ) | — | | — | | — | | — | | — | | (90 | ) | — | | — | |
Latin America | | — | | — | | — | | (6 | ) | — | | — | | — | | — | | — | | (4 | ) | — | | — | |
Asia | | — | | — | | — | | (44 | ) | — | | — | | — | | — | | — | | (28 | ) | — | | — | |
Securities and Banking | | — | | — | | — | | (402 | ) | — | | — | | — | | — | | — | | (252 | ) | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | 16 | | — | | (14 | ) | (30 | ) | — | | — | | 12 | | — | | (9 | ) | (19 | ) | — | | — | |
EMEA | | — | | 1 | | — | | (32 | ) | — | | — | | — | | 1 | | — | | (20 | ) | — | | — | |
Latin America | | — | | 7 | | — | | (2 | ) | — | | — | | — | | 5 | | — | | (1 | ) | — | | — | |
Asia | | — | | 20 | | — | | (3 | ) | — | | — | | — | | 14 | | — | | (2 | ) | — | | — | |
Transaction Services | | 16 | | 28 | | (14 | ) | (67 | ) | — | | — | | 12 | | 20 | | (9 | ) | (42 | ) | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citicorp | | 152 | | 530 | | (306 | ) | (480 | ) | — | | — | | 99 | | 334 | | (199 | ) | (301 | ) | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Brokerage and Asset Management | | — | | — | | — | | (18 | ) | — | | — | | — | | — | | — | | (11 | ) | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Local Consumer Lending | | — | | 4 | | — | | (41 | ) | — | | (188 | ) | — | | 3 | | — | | (25 | ) | — | | (122 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Special Asset Pool | | — | | — | | — | | — | | 313 | | — | | — | | — | | — | | — | | 106 | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi Holdings | | — | | 4 | | — | | (59 | ) | 313 | | (188 | ) | — | | 3 | | — | | (36 | ) | 106 | | (122 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Corporate/Other | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 152 | | 534 | | (306 | ) | (539 | ) | 313 | | (188 | ) | 99 | | 337 | | (199 | ) | (337 | ) | 106 | | (122 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi | | 152 | | 534 | | (306 | ) | (539 | ) | 313 | | (188 | ) | 99 | | 337 | | (199 | ) | (337 | ) | 106 | | (122 | ) |
Previous disclosure
| | (1) MasterCard | | (2) Visa Gain | | (3) Visa Litigation | | (4) Restructuring | | (5) Simplex | | (6) CFJ Charge | | (1) MasterCard | | (2) Visa Gain | | (3) Visa Litigation | | (4) Restructuring | | (5) Simplex | | (6) CFJ Charge | |
North America | | 136 | | — | | (292 | ) | (6 | ) | — | | — | | 87 | | — | | (190 | ) | (4 | ) | — | | — | |
EMEA | | — | | 22 | | — | | (1 | ) | — | | — | | — | | 15 | | — | | (1 | ) | — | | — | |
Latin America | | — | | 184 | | — | | (1 | ) | — | | — | | — | | 118 | | — | | (1 | ) | — | | — | |
Asia | | — | | 241 | | — | | (1 | ) | — | | — | | — | | 157 | | — | | (1 | ) | — | | — | |
Global Cards | | 136 | | 447 | | (292 | ) | (9 | ) | — | | — | | 87 | | 290 | | (190 | ) | (7 | ) | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | (16 | ) | — | | — | | — | | — | | — | | (10 | ) | — | | — | |
EMEA | | — | | 11 | | — | | (3 | ) | — | | — | | — | | 7 | | — | | (2 | ) | — | | — | |
Latin America | | — | | 44 | | — | | (3 | ) | — | | — | | — | | 18 | | — | | (2 | ) | — | | — | |
Asia | | — | | 4 | | — | | (3 | ) | 313 | | (188 | ) | — | | 3 | | — | | (2 | ) | 106 | | (122 | ) |
Consumer Banking | | — | | 59 | | — | | (25 | ) | 313 | | (188 | ) | — | | 28 | | — | | (16 | ) | 106 | | (122 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | (202 | ) | — | | — | | — | | — | | — | | (125 | ) | — | | — | |
EMEA | | — | | — | | — | | (141 | ) | — | | — | | — | | — | | — | | (89 | ) | — | | — | |
Latin America | | — | | — | | — | | (5 | ) | — | | — | | — | | — | | — | | (3 | ) | — | | — | |
Asia | | — | | — | | — | | (22 | ) | — | | — | | — | | — | | — | | (14 | ) | — | | — | |
Securities and Banking | | — | | — | | — | | (370 | ) | — | | — | | — | | — | | — | | (231 | ) | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | 16 | | — | | (14 | ) | (30 | ) | — | | — | | 12 | | — | | (9 | ) | (19 | ) | — | | — | |
EMEA | | — | | 1 | | — | | (32 | ) | — | | — | | — | | 1 | | — | | (20 | ) | — | | — | |
Latin America | | — | | 7 | | — | | (2 | ) | — | | — | | — | | 5 | | — | | (1 | ) | — | | — | |
Asia | | — | | 20 | | — | | (3 | ) | — | | — | | — | | 14 | | — | | (2 | ) | — | | — | |
Transaction Services | | 16 | | 28 | | (14 | ) | (67 | ) | — | | — | | 12 | | 20 | | (9 | ) | (42 | ) | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | (22 | ) | — | | — | | — | | — | | — | | (14 | ) | — | | — | |
EMEA | | — | | — | | — | | (22 | ) | — | | — | | — | | — | | — | | (14 | ) | — | | — | |
Latin America | | — | | — | | — | | (1 | ) | — | | — | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | — | | (22 | ) | — | | — | | — | | — | | — | | (13 | ) | — | | — | |
Global Wealth Management | | — | | — | | — | | (67 | ) | — | | — | | — | | — | | — | | (41 | ) | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Corporate/Other | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 152 | | 534 | | (306 | ) | (538 | ) | 313 | | (188 | ) | 99 | | 338 | | (199 | ) | (337 | ) | 106 | | (122 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi | | 152 | | 534 | | (306 | ) | (538 | ) | 313 | | (188 | ) | 99 | | 338 | | (199 | ) | (337 | ) | 106 | | (122 | ) |
(1) Gain on sale of MasterCard shares.
(2) Gain on Visa Inc. shares.
(3) Charge related to Citi’s pro-rata share of certain Visa Inc.-related litigation exposures.
(4) Charge related to headcount reductions.
(5) Gain on sale of ownership in Simplex Investment Advisors in Japan.
(6) Charge to increase reserves for customer settlements in Consumer Finance Japan.
Re-formatted totals may not match historicals due to rounding.
Reclassified to conform to the current period’s presentation.
1Q’08 ($mm)
| | Pre-tax | | After-tax | |
| | (1) Visa
Gain | | (2) Visa
Litigation
Release | | (3) Redecard | | (4) Legal
Vehicle
Restructuring | | (5) Write-
Down
of Euity
Investment | | (6) Citi-
Managed
Fund
Reserve | | (7) Old
Lane
Intangibles | | (8) Repositioning
Charges | | (1) Visa
Gain | | (2) Visa
Litigation
Release | | (3) Redecard | | (4) Legal
Vehicle
Restructuring | | (5) Write-
Down
of Euity
Investment | | (6) Citi-
Managed
Fund
Reserve | | (7) Old
Lane
Intangibles | | (8) Repositioning
Charges | |
North America | | 349 | | 159 | | — | | — | | — | | — | | — | | (65 | ) | 224 | | 102 | | — | | — | | — | | — | | — | | (40 | ) |
EMEA | | (2 | ) | — | | — | | — | | — | | — | | — | | (8 | ) | (1 | ) | — | | — | | — | | — | | — | | — | | (5 | ) |
Latin America | | 17 | | — | | — | | 257 | | — | | — | | — | | (7 | ) | 11 | | — | | — | | 166 | | — | | — | | — | | (4 | ) |
Asia | | 81 | | — | | — | | — | | — | | — | | — | | (16 | ) | 52 | | — | | — | | — | | — | | — | | — | | (10 | ) |
Regional Consumer Banking | | 445 | | 159 | | — | | 257 | | — | | — | | — | | (96 | ) | 286 | | 102 | | — | | 166 | | — | | — | | — | | (59 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | (17 | ) | — | | (122 | ) | — | | — | | — | | — | | — | | (11 | ) | — | | (76 | ) |
EMEA | | — | | — | | — | | — | | — | | — | | — | | (157 | ) | — | | — | | — | | — | | — | | — | | — | | (98 | ) |
Latin America | | — | | — | | — | | 20 | | — | | — | | — | | (4 | ) | — | | — | | — | | 13 | | — | | — | | — | | (2 | ) |
Asia | | — | | — | | — | | — | | — | | — | | — | | (29 | ) | — | | — | | — | | — | | — | | — | | — | | (18 | ) |
Securities and Banking | | — | | — | | — | | 20 | | — | | (17 | ) | — | | (312 | ) | — | | — | | — | | 13 | | — | | (11 | ) | — | | (194 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | 17 | | 7 | | — | | — | | — | | — | | — | | (8 | ) | 11 | | 5 | | — | | — | | — | | — | | — | | (5 | ) |
EMEA | | — | | — | | — | | — | | — | | — | | — | | (17 | ) | — | | — | | — | | — | | — | | — | | — | | (11 | ) |
Latin America | | — | | — | | — | | 5 | | — | | — | | — | | — | | — | | — | | — | | 3 | | — | | — | | — | | — | |
Asia | | 4 | | — | | — | | — | | — | | — | | — | | — | | 2 | | — | | — | | — | | — | | — | | — | | — | |
Transaction Services | | 21 | | 7 | | — | | 5 | | — | | — | | — | | (25 | ) | 13 | | 5 | | — | | 3 | | — | | — | | — | | (16 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citicorp | | 466 | | 166 | | — | | 282 | | — | | (17 | ) | — | | (433 | ) | 299 | | 107 | | — | | 182 | | — | | (11 | ) | — | | (269 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Brokerage and Asset Management | | — | | — | | — | | — | | — | | (233 | ) | (202 | ) | (11 | ) | — | | — | | — | | — | | — | | (151 | ) | (129 | ) | (7 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Local Consumer Lending | | 1 | | — | | 661 | | — | | — | | — | | — | | (141 | ) | — | | — | | 426 | | — | | — | | — | | — | | (93 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Special Asset Pool | | — | | — | | — | | — | | (212 | ) | — | | — | | — | | — | | — | | — | | — | | (138 | ) | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi Holdings | | 1 | | — | | 661 | | — | | (212 | ) | (233 | ) | (202 | ) | (152 | ) | — | | — | | 426 | | — | | (138 | ) | (151 | ) | (129 | ) | (100 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Corporate/Other | | — | | — | | — | | — | | — | | — | | — | | (33 | ) | — | | — | | — | | — | | — | | — | | — | | (20 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 467 | | 166 | | 661 | | 282 | | (212 | ) | (250 | ) | (202 | ) | (618 | ) | 299 | | 107 | | 426 | | 182 | | (138 | ) | (162 | ) | (129 | ) | (389 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | | — | | — | | — | | (6 | ) | — | | — | | — | | — | | — | | — | | — | | (4 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi | | 467 | | 166 | | 661 | | 282 | | (212 | ) | (250 | ) | (202 | ) | (624 | ) | 299 | | 107 | | 426 | | 182 | | (138 | ) | (162 | ) | (129 | ) | (393 | ) |
Previous disclosure
| | (1) Visa
Gain | | (2) Visa
Litigation
Release | | (3) Redecard | | (4) Legal
Vehicle
Restructuring | | (5) Write-
Down of
Euity
Investment | | (6) Citi-
Managed
Fund
Reserve | | (7) Old
Lane
Intangibles | | (8) Repositioning
Charges | | (1) Visa
Gain | | (2) Visa
Litigation
Release | | (3) Redecard | | (4) Legal
Vehicle
Restructuring | | (5) Write-
Down of
Euity
Investment | | (6) Citi-
Managed
Fund
Reserve | | (7) Old
Lane
Intangibles | | (8) Repositioning
Charges | |
North America | | 349 | | 159 | | — | | — | | — | | — | | — | | (4 | ) | 224 | | 102 | | — | | — | | — | | — | | — | | (3 | ) |
EMEA | | (1 | ) | — | | — | | — | | — | | — | | — | | (7 | ) | (1 | ) | — | | — | | — | | — | | — | | — | | (5 | ) |
Latin America | | 10 | | — | | 661 | | 36 | | — | | — | | — | | (1 | ) | 7 | | — | | 426 | | 23 | | — | | — | | — | | — | |
Asia | | 81 | | — | | — | | — | | — | | — | | — | | (11 | ) | 51 | | — | | — | | — | | — | | — | | — | | (7 | ) |
Global Cards | | 439 | | 159 | | 661 | | 36 | | — | | — | | — | | (23 | ) | 281 | | 102 | | 426 | | 23 | | — | | — | | — | | (15 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | — | | — | | (125 | ) | — | | — | | — | | — | | — | | — | | — | | (77 | ) |
EMEA | | — | | — | | — | | — | | — | | — | | — | | (71 | ) | (1 | ) | — | | — | | — | | — | | — | | — | | (50 | ) |
Latin America | | 7 | | — | | — | | 221 | | — | | — | | — | | (6 | ) | 7 | | — | | — | | 142 | | — | | — | | — | | (4 | ) |
Asia | | 1 | | — | | — | | — | | — | | — | | — | | (11 | ) | (1 | ) | — | | — | | — | | — | | — | | — | | (7 | ) |
Consumer Banking | | 8 | | — | | — | | 221 | | — | | — | | — | | (213 | ) | 5 | | — | | — | | 142 | | — | | — | | — | | (138 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | — | | (202 | ) | (120 | ) | — | | — | | — | | — | | — | | — | | (129 | ) | (76 | ) |
EMEA | | — | | — | | — | | — | | — | | — | | — | | (154 | ) | — | | — | | — | | — | | — | | — | | — | | (96 | ) |
Latin America | | — | | — | | — | | 17 | | — | | — | | — | | (2 | ) | — | | — | | — | | 11 | | — | | — | | — | | (2 | ) |
Asia | | — | | — | | — | | — | | (212 | ) | — | | — | | (29 | ) | — | | — | | — | | — | | (138 | ) | — | | — | | (18 | ) |
Securities and Banking | | — | | — | | — | | 17 | | (212 | ) | — | | (202 | ) | (305 | ) | — | | — | | — | | 11 | | (138 | ) | — | | (129 | ) | (192 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | 17 | | 7 | | — | | — | | — | | — | | — | | (8 | ) | 11 | | 5 | | — | | — | | — | | — | | — | | (5 | ) |
EMEA | | — | | — | | — | | — | | — | | — | | — | | (17 | ) | — | | — | | — | | — | | — | | — | | — | | (11 | ) |
Latin America | | — | | — | | — | | 5 | | — | | — | | — | | — | | — | | — | | — | | 3 | | — | | — | | — | | — | |
Asia | | 4 | | — | | — | | — | | — | | — | | — | | — | | 2 | | — | | — | | — | | — | | — | | — | | — | |
Transaction Services | | 21 | | 7 | | — | | 5 | | — | | — | | — | | (25 | ) | 13 | | 5 | | — | | 3 | | — | | — | | — | | (16 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | (250 | ) | — | | (12 | ) | — | | — | | — | | — | | — | | (163 | ) | — | | (7 | ) |
EMEA | | — | | — | | — | | — | | — | | — | | — | | (6 | ) | — | | — | | — | | — | | — | | — | | — | | (4 | ) |
Latin America | | — | | — | | — | | 3 | | — | | — | | — | | (2 | ) | — | | — | | — | | 2 | | — | | — | | — | | (1 | ) |
Asia | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | |
Global Wealth Management | | — | | — | | — | | 3 | | — | | (250 | ) | — | | (20 | ) | — | | — | | — | | 2 | | — | | (163 | ) | — | | (12 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Corporate/Other | | — | | — | | — | | — | | — | | — | | — | | (33 | ) | — | | — | | — | | — | | — | | — | | — | | (20 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 468 | | 166 | | 661 | | 282 | | (212 | ) | (250 | ) | (202 | ) | (619 | ) | 299 | | 107 | | 426 | | 181 | | (138 | ) | (163 | ) | (129 | ) | (393 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | | — | | — | | — | | (1 | ) | — | | — | | — | | — | | — | | — | | — | | (1 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi | | 468 | | 166 | | 661 | | 282 | | (212 | ) | (250 | ) | (202 | ) | (620 | ) | 299 | | 107 | | 426 | | 181 | | (138 | ) | (163 | ) | (129 | ) | (394 | ) |
(1) Gain on Visa shares.
(2) Partial release of the Visa-related litigation reserve.
(3) Gain on Redecard shares.
(4) Expense benefit related to legal vehicle restructuring in Mexico.
(5) Write-down of equity investment held by Nikko Cordial.
(6) Reserve related to facilitating the liquidation of investments in the Falcon Funds for GWM clients.
(7) Write-down of Old Lane multi-strategy hedge fund intangible asset.
(8) Repositioning charges.
Re-formatted totals may not match historicals due to rounding.
Reclassified to conform to the current period’s presentation.
2Q’08 ($mm)
| | Pre-tax | | After-tax | |
| | (1) Cards Portfolio
Sale | | (2) CitiCapital Sale | | (3) Repositioning
Charges | | (1) Cards Portfolio
Sale | | (2) CitiCapital Sale | | (3) Repositioning
Charges | |
North America | | 170 | | — | | (55 | ) | 107 | | — | | (34 | ) |
EMEA | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | (1 | ) | — | | — | | (1 | ) |
Regional Consumer Banking | | 170 | | — | | (56 | ) | 107 | | — | | (35 | ) |
| | | | | | | | | | | | | |
North America | | — | | — | | (147 | ) | — | | — | | (89 | ) |
EMEA | | — | | — | | (82 | ) | — | | — | | (51 | ) |
Latin America | | — | | — | | (8 | ) | — | | — | | (5 | ) |
Asia | | — | | — | | (19 | ) | — | | — | | (11 | ) |
Securities and Banking | | — | | — | | (256 | ) | — | | — | | (156 | ) |
| | | | | | | | | | | | | |
North America | | — | | — | | (1 | ) | — | | — | | (1 | ) |
EMEA | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | (1 | ) | — | | — | | — | |
Transaction Services | | — | | — | | (2 | ) | — | | — | | (1 | ) |
| | | | | | | | | | | | | |
Total Citicorp | | 170 | | — | | (314 | ) | 107 | | — | | (192 | ) |
| | | | | | | | | | | | | |
Brokerage and Asset Management | | — | | — | | (23 | ) | — | | — | | (14 | ) |
| | | | | | | | | | | | | |
Local Consumer Lending | | — | | — | | (85 | ) | — | | — | | (54 | ) |
| | | | | | | | | | | | | |
Special Asset Pool | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | |
Total Citi Holdings | | — | | — | | (108 | ) | — | | — | | (68 | ) |
| | | | | | | | | | | | | |
Corporate/Other | | — | | — | | (24 | ) | — | | — | | (15 | ) |
| | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 170 | | — | | (446 | ) | 107 | | — | | (275 | ) |
| | | | | | | | | | | | | |
Discontinued Operations | | — | | (517 | ) | — | | — | | (309 | ) | — | |
| | | | | | | | | | | | | |
Total Citi | | 170 | | (517 | ) | (446 | ) | 107 | | (309 | ) | (275 | ) |
Previous disclosure
| | (1)��Cards Portfolio
Sale | | (2) CitiCapital Sale | | (3) Repositioning
Charges | | (1) Cards Portfolio
Sale | | (2) CitiCapital Sale | | (3) Repositioning
Charges | |
North America | | 170 | | — | | (9 | ) | 107 | | — | | (6 | ) |
EMEA | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | (2 | ) | — | | — | | (1 | ) |
Global Cards | | 170 | | — | | (11 | ) | 107 | | — | | (7 | ) |
| | | | | | | | | | | | | |
North America | | — | | — | | (92 | ) | — | | — | | (56 | ) |
EMEA | | — | | — | | (24 | ) | — | | — | | (15 | ) |
Latin America | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | (15 | ) | — | | — | | (9 | ) |
Consumer Banking | | — | | — | | (131 | ) | — | | — | | (80 | ) |
| | | | | | | | | | | | | |
North America | | — | | — | | (141 | ) | — | | — | | (85 | ) |
EMEA | | — | | — | | (82 | ) | — | | — | | (51 | ) |
Latin America | | — | | — | | (8 | ) | — | | — | | (5 | ) |
Asia | | — | | — | | (27 | ) | — | | — | | (18 | ) |
Securities and Banking | | — | | — | | (258 | ) | — | | — | | (159 | ) |
| | | | | | | | | | | | | |
North America | | — | | — | | (1 | ) | — | | — | | (1 | ) |
EMEA | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | (1 | ) | — | | — | | — | |
Transaction Services | | — | | — | | (2 | ) | — | | — | | (1 | ) |
| | | | | | | | | | | | | |
North America | | — | | — | | (29 | ) | — | | — | | (18 | ) |
EMEA | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | 8 | | — | | — | | 7 | |
Global Wealth Management | | — | | — | | (21 | ) | — | | — | | (11 | ) |
| | | | | | | | | | | | | |
Corporate/Other | | — | | — | | (24 | ) | — | | — | | (15 | ) |
| | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 170 | | — | | (447 | ) | 107 | | — | | (273 | ) |
| | | | | | | | | | | | | |
Discontinued Operations | | — | | (517 | ) | — | | — | | (309 | ) | — | |
| | | | | | | | | | | | | |
Total Citi | | 170 | | (517 | ) | (447 | ) | 107 | | (309 | ) | (273 | ) |
(1) Gain on Cards portfolio sale.
(2) Loss on sale of CitiCapital. This item was not originally included in the 2Q’08 PRDI schedule, but was disclosed in the subsequent 10-Q.
(3) Repositioning charges.
Re-formatted totals may not match historicals due to rounding.
Reclassified to conform to the current period’s presentation.
3Q’08 ($mm)
| | Pre-tax | | After-tax | �� |
| | (1) ARS Settlement | | (2) Repositioning
Charges | | (3) CitiStreet | | (4) Germany Hedging
+ Tax Benefit | | (1) ARS Settlement | | (2) Repositioning
Charges | | (3) CitiStreet | | (4) Germany Hedging
+ Tax Benefit | |
North America | | — | | (6 | ) | — | | — | | — | | (4 | ) | — | | — | |
EMEA | | — | | 5 | | — | | — | | — | | 3 | | — | | — | |
Latin America | | — | | (78 | ) | — | | — | | — | | (50 | ) | — | | — | |
Asia | | — | | (6 | ) | — | | — | | — | | (4 | ) | — | | — | |
Regional Consumer Banking | | — | | (85 | ) | — | | — | | — | | (55 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
North America | | (356 | ) | (45 | ) | — | | — | | (236 | ) | (24 | ) | — | | — | |
EMEA | | — | | (12 | ) | — | | — | | — | | (7 | ) | — | | — | |
Latin America | | — | | (16 | ) | — | | — | | — | | (16 | ) | — | | — | |
Asia | | — | | (21 | ) | — | | — | | — | | (13 | ) | — | | — | |
Securities and Banking | | (356 | ) | (94 | ) | — | | — | | (236 | ) | (60 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
North America | | — | | (1 | ) | — | | — | | — | | (1 | ) | — | | — | |
EMEA | | — | | — | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | | — | | — | | — | | — | |
Asia | | — | | (1 | ) | — | | — | | — | | (1 | ) | — | | — | |
Transaction Services | | — | | (2 | ) | — | | — | | — | | (2 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
Total Citicorp | | (356 | ) | (181 | ) | — | | — | | (236 | ) | (117 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
Brokerage and Asset Management | | (356 | ) | (146 | ) | 347 | | — | | (236 | ) | (89 | ) | 222 | | — | |
| | | | | | | | | | | | | | | | | |
Local Consumer Lending | | — | | (88 | ) | — | | — | | — | | (55 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
Special Asset Pool | | — | | (1 | ) | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | |
Total Citi Holdings | | (356 | ) | (235 | ) | 347 | | — | | (236 | ) | (144 | ) | 222 | | — | |
| | | | | | | | | | | | | | | | | |
Corporate/Other | | — | | (42 | ) | — | | — | | — | | (27 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | (712 | ) | (458 | ) | 347 | | — | | (472 | ) | (288 | ) | 222 | | — | |
| | | | | | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | 330 | | — | | — | | — | | 492 | |
| | | | | | | | | | | | | | | | | |
Total Citi | | (712 | ) | (458 | ) | 347 | | 330 | | (472 | ) | (288 | ) | 222 | | 492 | |
Previous disclosure
| | (1) ARS Settlement | | (2) Repositioning
Charges | | (3) CitiStreet | | (4) Germany Hedging
+ Tax Benefit | | (1) ARS Settlement | | (2) Repositioning
Charges | | (3) CitiStreet | | (4) Germany Hedging + Tax Benefit | |
North America | | — | | — | | — | | — | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | (17 | ) | — | | — | | — | | (11 | ) | — | | — | |
Asia | | — | | (6 | ) | — | | — | | — | | (4 | ) | — | | — | |
Global Cards | | — | | (23 | ) | — | | — | | — | | (15 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
North America | | — | | (87 | ) | — | | — | | — | | (54 | ) | — | | — | |
EMEA | | — | | 5 | | — | | — | | — | | 3 | | — | | — | |
Latin America | | — | | (61 | ) | — | | — | | — | | (39 | ) | — | | — | |
Asia | | — | | (7 | ) | — | | — | | — | | (5 | ) | — | | — | |
Consumer Banking | | — | | (150 | ) | — | | — | | — | | (95 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
North America | | (356 | ) | (177 | ) | — | | — | | (236 | ) | (110 | ) | — | | — | |
EMEA | | — | | (9 | ) | — | | — | | — | | (6 | ) | — | | — | |
Latin America | | — | | (14 | ) | — | | — | | — | | (9 | ) | — | | — | |
Asia | | — | | (21 | ) | — | | — | | — | | (13 | ) | — | | — | |
Securities and Banking | | (356 | ) | (221 | ) | — | | — | | (236 | ) | (138 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
North America | | — | | (1 | ) | — | | — | | — | | (1 | ) | — | | — | |
EMEA | | — | | — | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | (2 | ) | — | | — | | — | | (1 | ) | — | | — | |
Asia | | — | | (1 | ) | — | | — | | — | | (1 | ) | — | | — | |
Transaction Services | | — | | (4 | ) | — | | — | | — | | (3 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
North America | | (356 | ) | (10 | ) | 347 | | — | | (236 | ) | (6 | ) | 222 | | — | |
EMEA | | — | | (3 | ) | — | | — | | — | | (2 | ) | — | | — | |
Latin America | | — | | (1 | ) | — | | — | | — | | (1 | ) | — | | — | |
Asia | | — | | (5 | ) | — | | — | | — | | (3 | ) | — | | — | |
Global Wealth Management | | (356 | ) | (19 | ) | 347 | | — | | (236 | ) | (12 | ) | 222 | | — | |
| | | | | | | | | | | | | | | | | |
Corporate/Other | | — | | (42 | ) | — | | — | | — | | (27 | ) | — | | — | |
| | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | (712 | ) | (459 | ) | 347 | | — | | (472 | ) | (290 | ) | 222 | | — | |
| | | | | | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | 330 | | — | | — | | — | | 492 | |
| | | | | | | | | | | | | | | | | |
Total Citi | | (712 | ) | (459 | ) | 347 | | 330 | | (472 | ) | (290 | ) | 222 | | 492 | |
(1) | Write-downs and expenses related to the Auction Rate Securities settlement. |
(2) | Repositioning charges. |
(3) | Gain on sale of CitiStreet. |
(4) | FX hedge and tax benefit related to the German retail banking operations sale. These items were not originally included in the 3Q’08 PRDI schedule, but the tax benefit was disclosed in the subsequent 10-Q and the hedge benefit in the 2008 10-K. |
Re-formatted totals may not match historicals due to rounding.
Reclassified to conform to the current period’s presentation.
4Q’08 ($mm)
| | Pre-tax | | After-tax | |
| | (1) Restructuring
Charges | | (2) NAM
Impairment | | (3) CFJ
Reserve | | (4) ARS
Settlement | | (5) Citi
Global
Services
Sale | | (6) CFJ
Tax
Benefit | | (7) German
retail
banking
sale | | (8) Goodwill
Impairment | | (1) Restructuring
Charges | | (2) NAM
Impairment | | (3) CFJ
Reserve | | (4) ARS
Settlement | | (5) Citi
Global
Services
Sale | | (6) CFJ
Tax
Benefit | | (7) German
retail
banking
sale | | (8) Goodwill
Impairment | |
North America | | (91 | ) | — | | — | | — | | — | | — | | — | | (2,289 | ) | (56 | ) | — | | — | | — | | — | | — | | — | | (2,006 | ) |
EMEA | | (20 | ) | — | | — | | — | | — | | — | | — | | — | | (13 | ) | — | | — | | — | | — | | — | | — | | — | |
Latin America | | (40 | ) | — | | — | | — | | — | | — | | — | | (4,258 | ) | (26 | ) | — | | — | | — | | — | | — | | — | | (4,121 | ) |
Asia | | (72 | ) | — | | — | | — | | — | | — | | — | | — | | (46 | ) | — | | — | | — | | — | | 125 | | — | | — | |
Regional Consumer Banking | | (223 | ) | — | | — | | — | | — | | — | | — | | (6,547 | ) | (141 | ) | — | | — | | — | | — | | 125 | | — | | (6,127 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | (246 | ) | — | | — | | (87 | ) | — | | — | | — | | — | | (149 | ) | — | | — | | (53 | ) | — | | — | | — | | — | |
EMEA | | (133 | ) | — | | — | | — | | — | | — | | — | | — | | (83 | ) | — | | — | | — | | — | | — | | — | | — | |
Latin America | | (21 | ) | — | | — | | — | | — | | — | | — | | — | | (13 | ) | — | | — | | — | | — | | — | | — | | — | |
Asia | | (85 | ) | — | | — | | — | | — | | — | | — | | — | | (52 | ) | — | | — | | — | | — | | 107 | | — | | — | |
Securities and Banking | | (485 | ) | — | | — | | (87 | ) | — | | — | | — | | — | | (297 | ) | — | | — | | (53 | ) | — | | 107 | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | (22 | ) | — | | — | | — | | — | | — | | — | | — | | (13 | ) | — | | — | | — | | — | | — | | — | | — | |
EMEA | | (23 | ) | — | | — | | — | | — | | — | | — | | — | | (14 | ) | — | | — | | — | | — | | — | | — | | — | |
Latin America | | (2 | ) | — | | — | | — | | — | | — | | — | | — | | (1 | ) | — | | — | | — | | — | | — | | — | | — | |
Asia | | (15 | ) | — | | — | | — | | — | | — | | — | | — | | (9 | ) | — | | — | | — | | — | | 12 | | — | | — | |
Transaction Services | | (62 | ) | — | | — | | — | | — | | — | | — | | — | | (37 | ) | — | | — | | — | | — | | 12 | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citicorp | | (770 | ) | — | | — | | (87 | ) | — | | — | | — | | (6,547 | ) | (475 | ) | — | | — | | (53 | ) | — | | 244 | | — | | (6,127 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Brokerage and Asset Management | | (71 | ) | (937 | ) | — | | (87 | ) | — | | — | | — | | — | | (35 | ) | (607 | ) | — | | (53 | ) | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Local Consumer Lending | | (288 | ) | — | | (174 | ) | — | | — | | — | | — | | (3,021 | ) | (182 | ) | — | | (113 | ) | — | | — | | 750 | | — | | (2,600 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Special Asset Pool | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi Holdings | | (359 | ) | (937 | ) | (174 | ) | (87 | ) | — | | — | | — | | (3,021 | ) | (217 | ) | (607 | ) | (113 | ) | (53 | ) | — | | 750 | | — | | (2,600 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Corporate/Other | | (620 | ) | — | | — | | — | | 263 | | — | | — | | — | | (381 | ) | — | | — | | — | | 192 | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | (1,749 | ) | (937 | ) | (174 | ) | (174 | ) | 263 | | — | | — | | (9,568 | ) | (1,073 | ) | (607 | ) | (113 | ) | (106 | ) | 192 | | 994 | | — | | (8,727 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Discontinued Operations | | (222 | ) | — | | — | | — | | — | | — | | 4,293 | | — | | (144 | ) | — | | — | | — | | — | | — | | 3,919 | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi | | (1,971 | ) | (937 | ) | (174 | ) | (174 | ) | 263 | | — | | 4,293 | | (9,568 | ) | (1,217 | ) | (607 | ) | (113 | ) | (106 | ) | 192 | | 994 | | 3,919 | | (8,727 | ) |
Previous disclosure
| | (1) Restructuring
Charges | | (2) NAM
Impairment | | (3) CFJ
Reserve | | (4) ARS
Settlement | | (5) Citi
Global
Services
Sale | | (6) CFJ
Tax Benefit | | (7) German retail
banking
sale | | (8) Goodwill
Impairment | | (1) Restructuring
Charges | | (2) NAM
Impairment | | (3) CFJ
Reserve | | (4) ARS
Settlement | | (5) Citi
Global
Services
Sale | | (6) CFJ
Tax Benefit | | (7) German
retail
banking
sale | | (8) Goodwill
Impairment | |
North America | | (97 | ) | — | | — | | — | | — | | — | | — | | — | | (60 | ) | — | | — | | — | | — | | — | | — | | — | |
EMEA | | (14 | ) | — | | — | | — | | — | | — | | — | | — | | (10 | ) | — | | — | | — | | — | | — | | — | | — | |
Latin America | | (4 | ) | — | | — | | — | | — | | — | | — | | — | | (3 | ) | — | | — | | — | | — | | — | | — | | — | |
Asia | | (12 | ) | — | | — | | — | | — | | — | | — | | — | | (8 | ) | — | | — | | — | | — | | 25 | | — | | — | |
Global Cards | | (127 | ) | — | | — | | — | | — | | — | | — | | — | | (81 | ) | — | | — | | — | | — | | 25 | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | (226 | ) | — | | — | | — | | — | | — | | — | | (5,107 | ) | (142 | ) | — | | — | | — | | — | | — | | — | | (4,474 | ) |
EMEA | | (55 | ) | — | | — | | — | | — | | — | | — | | (203 | ) | (36 | ) | — | | — | | — | | — | | — | | — | | (131 | ) |
Latin America | | (36 | ) | — | | — | | — | | — | | — | | — | | (4,258 | ) | (23 | ) | — | | — | | — | | — | | — | | — | | (4,121 | ) |
Asia | | (66 | ) | — | | (174 | ) | — | | — | | — | | — | | — | | (43 | ) | — | | (113 | ) | — | | — | | 850 | | — | | — | |
Consumer Banking | | (383 | ) | — | | (174 | ) | — | | — | | — | | — | | (9,568 | ) | (244 | ) | — | | (113 | ) | — | | — | | 850 | | — | | (8,726 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | (235 | ) | — | | — | | (87 | ) | — | | — | | — | | — | | (142 | ) | — | | — | | (53 | ) | — | | — | | — | | — | |
EMEA | | (128 | ) | — | | — | | — | | — | | — | | — | | — | | (79 | ) | — | | — | | — | | — | | — | | — | | — | |
Latin America | | (11 | ) | — | | — | | — | | — | | — | | — | | — | | (7 | ) | — | | — | | — | | — | | — | | — | | — | |
Asia | | (84 | ) | (937 | ) | — | | — | | — | | — | | — | | — | | (51 | ) | (607 | ) | — | | — | | — | | 107 | | — | | — | |
Securities and Banking | | (458 | ) | (937 | ) | — | | (87 | ) | — | | — | | — | | — | | (279 | ) | (607 | ) | — | | (53 | ) | — | | 107 | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | (22 | ) | — | | — | | — | | — | | — | | — | | — | | (13 | ) | — | | — | | — | | — | | — | | — | | — | |
EMEA | | (23 | ) | — | | — | | — | | — | | — | | — | | — | | (14 | ) | — | | — | | — | | — | | — | | — | | — | |
Latin America | | (2 | ) | — | | — | | — | | — | | — | | — | | — | | (1 | ) | — | | — | | — | | — | | — | | — | | — | |
Asia | | (15 | ) | — | | — | | — | | — | | — | | — | | — | | (9 | ) | — | | — | | — | �� | — | | 12 | | — | | — | |
Transaction Services | | (62 | ) | — | | — | | — | | — | | — | | — | | — | | (37 | ) | — | | — | | — | | — | | 12 | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
North America | | (65 | ) | — | | — | | (87 | ) | — | | — | | — | | — | | (39 | ) | — | | — | | (53 | ) | — | | — | | — | | — | |
EMEA | | (7 | ) | — | | — | | — | | — | | — | | — | | — | | (5 | ) | — | | — | | — | | — | | — | | — | | — | |
Latin America | | (10 | ) | — | | — | | — | | — | | — | | — | | — | | (6 | ) | — | | — | | — | | — | | — | | — | | — | |
Asia | | (224 | ) | — | | — | | — | | — | | — | | — | | — | | (136 | ) | — | | — | | — | | — | | — | | — | | — | |
Global Wealth Management | | (306 | ) | — | | — | | (87 | ) | — | | — | | — | | — | | (186 | ) | — | | — | | (53 | ) | — | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Corporate/Other | | (634 | ) | — | | — | | — | | 263 | | — | | — | | — | | (390 | ) | — | | — | | — | | 192 | | — | | — | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | (1,970 | ) | (937 | ) | (174 | ) | (174 | ) | 263 | | — | | — | | (9,568 | ) | (1,217 | ) | (607 | ) | (113 | ) | (106 | ) | 192 | | 994 | | — | | (8,726 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | | — | | — | | 4,293 | | — | | — | | — | | — | | — | | — | | — | | 3,919 | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Total Citi | | (1,970 | ) | (937 | ) | (174 | ) | (174 | ) | 263 | | — | | 4,293 | | (9,568 | ) | (1,217 | ) | (607 | ) | (113 | ) | (106 | ) | 192 | | 994 | | 3,919 | | (8,726 | ) |
(1) Restructuring charges.
(2) Intangible asset impairment charge related to Nikko Asset Management.
(3) Reserve for customer settlements in Consumer Finance Japan.
(4) Write-down related to the Auction Rate Securities settlement.
(5) Gain on sale of Citi Global Services Limited.
(6) Tax benefit related to Japan consumer finance restructuring.
(7) Gain on sale of German retail banking operations, including the impact of a benefit of a currency hedge put in place post-signing.
(8) Charges from goodwill impairments related to North America Consumer Banking, Latin America Consumer Banking and EMEA Consumer Banking. This item was not originally included in the 4Q’08 PRDI schedule, but was disclosed in the subsequent 10-K.
Re-formatted totals may not match historicals due to rounding.
Reclassified to conform to the current period’s presentation.
1Q’09 ($mm)
| | Pre-tax | | After-tax | |
| | (1) Redecard Gain | | (2) Litigation Reserve
Release | | (3) IRS Tax Benefit | | (1) Redecard Gain | | (2) Litigation Reserve
Release | | (3) IRS Tax Benefit | |
North America | | — | | — | | — | | — | | — | | 14 | |
EMEA | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | | — | | 1 | |
Asia | | — | | — | | — | | — | | — | | 7 | |
Regional Consumer Banking | | — | | — | | — | | — | | — | | 22 | |
| | | | | | | | | | | | | |
North America | | — | | 250 | | — | | — | | 154 | | 49 | |
EMEA | | — | | — | | — | | — | | — | | 6 | |
Latin America | | — | | — | | — | | — | | — | | 2 | |
Asia | | — | | — | | — | | — | | — | | 4 | |
Securities and Banking | | — | | 250 | | — | | — | | 154 | | 61 | |
| | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | 1 | |
EMEA | | — | | — | | — | | — | | — | | 2 | |
Latin America | | — | | — | | — | | — | | — | | 1 | |
Asia | | — | | — | | — | | — | | — | | 2 | |
Transaction Services | | — | | — | | — | | — | | — | | 6 | |
| | | | | | | | | | | | | |
Total Citicorp | | — | | 250 | | — | | — | | 154 | | 89 | |
| | | | | | | | | | | | | |
Brokerage and Asset Management | | — | | — | | — | | — | | — | | 1 | |
| | | | | | | | | | | | | |
Local Consumer Lending | | 1,116 | | — | | — | | 704 | | — | | 20 | |
| | | | | | | | | | | | | |
Special Asset Pool | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | |
Total Citi Holdings | | 1,116 | | — | | — | | 704 | | — | | 21 | |
| | | | | | | | | | | | | |
Corporate/Other | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 1,116 | | 250 | | — | | 704 | | 154 | | 110 | |
| | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | |
Total Citi | | 1,116 | | 250 | | — | | 704 | | 154 | | 110 | |
Previous disclosure
| | (1) Redecard Gain | | (2) Litigation Reserve
Release | | (3) IRS Tax Benefit | | (1) Redecard Gain | | (2) Litigation Reserve
Release | | (3) IRS Tax Benefit | |
North America | | — | | — | | — | | — | | — | | — | |
EMEA | | — | | — | | — | | — | | — | | — | |
Latin America | | 1,116 | | — | | — | | 704 | | — | | — | |
Asia | | — | | — | | — | | — | | — | | — | |
Global Cards | | 1,116 | | — | | — | | 704 | | — | | — | |
| | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | 30 | |
EMEA | | — | | — | | — | | — | | — | | 3 | |
Latin America | | — | | — | | — | | — | | — | | 1 | |
Asia | | — | | — | | — | | — | | — | | 8 | |
Consumer Banking | | — | | — | | — | | — | | — | | 42 | |
| | | | | | | | | | | | | |
North America | | — | | 250 | | — | | — | | 154 | | 46 | |
EMEA | | — | | — | | — | | — | | — | | 6 | |
Latin America | | — | | — | | — | | — | | — | | 2 | |
Asia | | — | | — | | — | | — | | — | | 4 | |
Securities and Banking | | — | | 250 | | — | | — | | 154 | | 58 | |
| | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | 1 | |
EMEA | | — | | — | | — | | — | | — | | 2 | |
Latin America | | — | | — | | — | | — | | — | | 1 | |
Asia | | — | | — | | — | | — | | — | | 2 | |
Transaction Services | | — | | — | | — | | — | | — | | 6 | |
| | | | | | | | | | | | | |
North America | | — | | — | | — | | — | | — | | 4 | |
EMEA | | — | | — | | — | | — | | — | | — | |
Latin America | | — | | — | | — | | — | | — | | — | |
Asia | | — | | — | | — | | — | | — | | — | |
Global Wealth Management | | — | | — | | — | | — | | — | | 4 | |
| | | | | | | | | | | | | |
Corporate/Other | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | |
Total Citi (Continuing Ops) | | 1,116 | | 250 | | — | | 704 | | 154 | | 110 | |
| | | | | | | | | | | | | |
Discontinued Operations | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | |
Total Citi | | 1,116 | | 250 | | — | | 704 | | 154 | | 110 | |
(1) Gain on Redecard shares.
(2) Expense benefit due to a Visa-related litigation reserve release.
(3) Tax benefit related to the resolution of certain issues in an IRS audit.
Re-formatted totals may not match historicals due to rounding.
Reclassified to conform to the current period’s presentation.
